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, 20 January 2014

EURUSD

60 min chart does look like it wants another wave down, whether to test that 1.3506 low or to strike a new low. With that annual pivot at 1.3471, it has just got to be the goal, if the low goes. I am staying flat until that momentum study is bottomed out and there is a trend line or diagonal perimeter to work a break out.  That should leave plenty of profit to wait for a move up and then the retrace without having to worry about losses. Still been a great day but was hoping not to have to tangle with that low again so soon.

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)