Disclaimer

Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Tuesday, 19 November 2013

EURUSD: 10.14am

This price action is very cautious given the relative overbought conditions. I have banked some of the shorts and gone flat here. This could have been an expanded flat and I do not like the location at all, with the 50% and 61.8% retracements above. I'll wait another 3 legs to the upside to decide on what to do with the new longs.

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