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, 2 December 2013

EURUSD

162% extension hit, spot on. I have dropped all my shorts here with cover now at 1.3499, which is under the monthly pivot S1 and weekly S2. If price continues down, then that is fine, but wanted to give this a chance to breathe and become my 'b' or 'B' wave, before a move up.

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