Forex Signals – 2 December 2010

Dec 2nd, 2010Comments Off

Forex Signals - Tim BarnbyForex Signals Status:  None posted today.

Earlier this week we exited all of the current positions for a tidy +1,020 pip gain.  The fundamental analysis was pointing toward a hard pullback for the USD so I exercised a “Cash Grab.”  As you can all see, the pullback has started.  (Never let technicals stop you from acting on fundamentals.)  I’m looking at potential re-entries in the next few days.  EURUSD, AUDUSD and GBPUSD are all in their second day, and should present new entries in 2-3 trading days.  The USDJPY pair will need a little more time.  It’s moved into a flat, so we’ll need at least 3-4 days before we have a confirmed continuation.  EURGBP may also provide a nice re-entry in 2-3 days.

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Good Luck Everyone!

Tim