Hi, We had some great break out pullback trades on the daily charts yesterday on the Euro/$ I said to look for shorts at 1.4775 (price went 6 pips beyond)! This gave a great 70 pip move. There was a similar move on the Chf - dont take both at once because of correlation. I said to look for a pullback to 1.0225, it did and gave 50+ pips.
These were major daily moves. Today there is likely to be uncertainty whilst traders decide whether this really is a $US reversal in fortunes or just another pullback, so be careful. The LMT has been very accurate on the daily signals in thethe last week or so, but you still need to use discretion, especially on the 4 hour as explained in todays post. Erolhas kindly sent us his daily usa based analysis of the markets, you can find it all here:
Forex Analysis for 10th December 2009
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