If you followed my forecast from Thursday the 22nd posted at 5:13 pm you would have benefited from both a bearish fall ending nearly 90 pips shy of the intended target but offering at least 130 pips of net profit. The bearish whip and reconfirmation of new resistance in the 2975/90 area offered tremendous profits into the London session.
Subsequently, through this morning, the bullish side of that forecast produced in excess of 200 pips profits exceeding its bull target by more than 40 pips. The bullish move performed according to the described pattern for price action listed in the forecast.
Thursday evening I issued a high-risk buy order at 1.2950 believing I would gain a head start into the bullish pattern which was delayed through the weekend. My trade alert was a failure and I booked a negative 33 pips. The alert was accompanied by strict instructions regarding the risk and guidance and a preference directly focused on the 5:13 pm forecast. The price action resulted in the bearish move first and then fulfilled the bullish forecast. My forecast and my trade alert showed preference for the bullish move to occur first. Needless to say — the forecast clearly defined what actions to take in either direction regardless of which event occured first.
The PMTP Alert performed precisely as expected yielding dramatic gains. Currently the eur/usd is consolidating but a new technical move will present itself soon. Stay tuned for our next PMTP Alert and any potential Trade Alerts along with the new Euro Forecast.
