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, 21 January 2014

EURUSD - flat correction

Managed to bank that poke down for a few pips as stop was just under the pivot. Looks like a flat correction to me and have re-positioned cover under the 1.3506 low to stay long now. This should only fold if this is a larger expanded flat correction and the direction is still down, as I reckon that was 5 legs up yesterday, but hope that the Cyclic Phasing 10 day low (from weekend report) will hold this drop up this morning and move uphill instead. Off on school run, so catch up later.
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