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FOREX VIDEO | NEW YORK SESSION REVIEW | April 6, 2009

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Uploaded by on Apr 6, 2009

Any doubts about the direction of today's Forex market were settled during today's New York session. After reaching pivot profit zones earlier in the day, the US dollar and Japanese yen pairs set a new course as risk aversion enveloped the market. The dollar's recovery kick-started a range breakout trade on the GBP/USD, which yielded a healthy profit of 170 pips prior to the London close.

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  • i'm a bootcamp member and yes its 5 ema 8 sma. get pip'in!

  • nice analysis - thanks! though setting SL to breakeven that early has sometimes got me into trouble :(

  • Do you use a 5 EMA and an 8 SMA?

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