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

I have edged this long. In the longer term range bar study, price is right on the 50 period FLD and a cut to the upside can often cause a thrust, especially as the MMA wave i still bullish. With Monthly S1 held last week, and with the monthly pivot residing at the 61.8% retracement of the drop, this may indeed be the possible target point for any downturn to get some traction. It is counting more like an expanded flat on the shorter term charts, so any upside might be getting its base this morning. Back above the daily pivot would help to confirm another possible up move is on.

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