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FOREX VIDEO - New York Session Review - September 16, 2009

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Uploaded by on Sep 16, 2009

You might say that the USD/JPY currency pair had psychological issues today. During today's London session, the pair formed a double bottom at the 90.00 level, setting the stage for a potential recovery of the dollar against the yen. Traders who bought the dip after the break of the 90.50 area, then took profit near the upper Bollinger Band on the 4-hour chart, netted 60 to 75 pips [depending on entry and exit strategy].

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  • Hi

    Price action explained very clearly, i throughly enjoyed the video

    Thank you for your great videos

  • good stuff

  • hi, great vid

  • thanks,nice vid

  • great video as always

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