04 May, Members Daily Market Analysis

We initiated a cautious one unit long position in S&P futures at 1346.5, I discuss how we are managing this trade in today's video. We are still bidding just above 1.0773 AUDUSD to add to our long position. EURGBP broke out of short term resistance yesterday and now it's setup to achieve our 1st profit target at 91.48 a level from March 2010 (in the video I incorrectly say a different level, before correcting myself) to confirm our profit target is 91.48, at this level we'll sell half the position for profits.