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, 13 January 2014

EURUSD

Continues to look corrective within the formation of the prior rise. Price is back at the daily pivot and 38.2% retracement from bottom. MMA Wave still in bullish formation, so could be either a wave 4 down or an 'a' wave in 'b' back to test the regression channel it left on Friday. Going net long here, targeting R1 at 1.3712 to Monthly Pivot at 1.3725 to lose all longs and go short again.
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