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.

Wednesday 18 December 2013

EURUSD: shorts let go


At long last, some where realistic to lose shorts, albeit placing 'B' was somewhat challenging and may not be over yet to the downside. Have taken them at 1.618 of 'A-B' and hope next leg up is on. We have had a 23.8% retracement of the whole move up from 1.3294, which could be wave 4 done and if so, might usher in a strong push into the final highs. Cant say it has been fun at all, but if I get a great ride up from here, well then it has been just fine!!
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)