Change in sentiment

The 'Three Drives to a Bottom' pattern completed with a sharp upmove today. Cable gave us three very tradable moves starting at 7.15am and completing at 8.15pm! The afternoon move being good for 400 pips.

Members can view the update video at http://www.tradersclass.net/ that includes analysis of the three full moves together with an update on the further 200 pip move on the Euro.

The Bubble Bursts

This mornings action centres on the Euro that has re-visited and neatly broken the 1.38/50 level as expected. The morning move gave us just over 200 pips and there seems plenty more to go. The Fib extension to complete a Measured Move is the next target.

The morning video for members at http://www.tradersclass.net/ shows the move and also what might be happening with Cable whilst the US$ is strengthening.