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.

Thursday, 5 December 2013

EURUSD

The 48 pip range bar chart houses the Gann grid based on the 1.27438 low to 1.3831 high. Price is now at the first 45 degree angle of that grid and has risen of late in falling volume. As per my EW count, I am looking for softening in prices before another attempt at this line, which I expect to fail. However, that is for another post and for now, I am trying to manage my shorts and reapply longs further down.

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