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 27 January 2014

EURUSD short term EW count

This is how I am counting this move at the moment. I am working back from the fact that slow, turgid moves are usually 'b' waves inside retracements. I have an irregular flat in the count which seems to be the order of the day with this pair with a 61.8% retracement target based on an earlier topped 'A' rather than the top. Might be a little deep because I got strong support at 1.3620 being the Nov 2013 monthly high for one, but others too.

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