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.

Wednesday, 15 January 2014

EURUSD

Looks like the size of the overall move back down is an expanded flat correction and given the size of it in time, I think probably a 'B' wave rather than wave 4. The 100% projection target is 1.3760 at present (assuming low is in) which is the 61.8% retracement of the move down from 1.3892. This all fits the plan, so banking some shorts here and now a little more net long than yesterday and looking for a 'c' wave up.

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