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, 7 January 2014

EURUSD - zigzag?

I have gone net long with cover just under that morning low at 1.3609. Could be that 'b' is actually over in a flattish zigzag affair. The market has given itself the chance to try it anyway with a 2 pip risk at 1.3611, so why not see if they are right too! That 61.8% retracement of yesterday's rise is a few pips lower but the daily pivot may be strong enough defence. We shall see.

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