FOREX Training Video | London Session April 21, 2008

After a wonderful extension after Friday's better than expected Citibank loss, profit taking today was expected. Sure enough, using fibonacci retracements, and trapping price with by connecting lower high's, we were able to catch a good part of the profit taking wave with some fresh shorts after confirmation. Depending on entry, exit, and if one took the reload opportunity or not it was a nice 100-250 pip gain without much stress at all, all while being performing very predictably.

Christian Stephens

Category:

Education

Tags:

• GBP/JPY
• British
• Pound
• Sterling
• Japanese
• Yen
• reversal
• fibonacci
• profit
• taking
• confirmation
• trap
• London
• Christian
• Stephens