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 9 July 2014

#Eurusd $eurusd #Trading

Price made it into the area where the monthly median line resides (gold) and I make that 5 waves up. As it is overlapping, it maybe a leading diagonal, although drawing perimeter lines does not make a pretty picture at all - almost a straight channel. The 50-61.8% retrace from 1.3574 comes in at 1.3608-1.3600, so just above today's low. If price could map out a neat zig zag, I would be most appreciative, but I so rarely get want I want, I'll not be banking on that. Anyhow, looking for longs again nearer today's low.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)