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.

Monday, 11 November 2013

EURUSD

So far so good. Price action allowed me to lose shorts lower down and now price has broken the VTL discussed on Friday. The Monthly Pivot stands at 1.3628 in my calcs, which is only 46 pips above the 162% extension of the proposed 'AB' on the second chart and sits at the Harmonic Octave of 1.35938, the underside of the VTL above (red dashed with red arrows) and the top line of the Price Envelope. Price has still got to break the orange FLD above 1.3400 which is also the weekly pivot zone and stay above the daily pivot, which it is battling right now. Plenty of work to do but it is a Monday, so anticipate a slog.



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