FOREX VIDEO - New York Session Review - November 5, 2009

The British pound exhibited a firmer tone following the announcement by the Bank of England that it would expand its quantitative easing program by £25B, less than the market consensus of a £50B increase. That fundamental news, in combination with prior visual support, moving averages on multiple time frames, a trendline, and a Fibonacci retracement level, contributed to a trade plan for buying the GBP/USD currency pair soon after the U.S. equity market open. The long trade on cable yielded up to 70 pips [depending on exit strategy].

Category:

Education

Tags:

• forex
• currency
• trading
• fxbootcamp
• money
• 4x
• fx
• wehrley

[entubator01]

thanks

[radojica111]

thanks for good video...and your precise entry point view

[vishowntar]

thanks

[ecospirit99]

Hi

The volume is to high on the vid.

Had to turn it way down.

Thanks.