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 16 December 2013

EURUSD: wave B OR Wave 2?

The size of this assumed retracement uphill, makes this a likely B or 2 for me. Looking for sharp move downhill and have marked out the fibos for the move from 1.3294 as targets. A '162%' extension of the current 'a' wave down, would reach 1.3611, which is the 38.2% mark on the chart. Fingers crossed for my shorts as have let the longs go at 1.3772 for now.

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)