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

EURUSD is now at the 100-127% extension of the 'ab' of this move up and now looking for a pull back. This will decide whether a larger move up is on the cards or not. 1.3574 was the low for the 60minute wave, which is now in a bullish formation, so looking for that to hold to get long again nearer there. Having said that, the 4hr and daily waves above are both bearish as of now, so that move up, if it comes, has some work to do. Otherwise, below 1.3574, will be looking to follow it down.

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