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 17 December 2013

EURUSD

It is starting to look like a triangle, but the next leg down might having something else in store. Price action is not getting high or low enough to bank anything unless contracts are bought at the extremes, so it is certainly doing what a triangle does, but I'd still prefer a good run downhill. We shall see if price can hold that daily pivot, and I have added another count worth keeping an eye on.

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