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, 4 November 2013

EURUSD

I think that counts better as 'A' coming to an end with 'B' down to come or bigger if 'A' was in fact all of a wave 4 retracement we are getting. The green dashed line marks the 85.4% speedline from top to bottom of that move, so that is my line in the sand. I am aiming new shorts at that for now but if it holds, then I'll take the drive down as probably 'B'. Slow day after last night, which makes me think that price might need to test the low a bit closer than the speedline affords.

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