FOREX VIDEO REVIEW: London Session July 10th, 2009

Asia into London found us simply continuing the recent Japanese Yen strength against all comers. While shorting any of the Yen pairings was very viable, in this video I highlight how we built a trade plan around shorting the Eur/Jpy just after the London market opened, which ultimately reached our target of today's M1 reversal pivot point. This completed a 38.2 Fibonacci to a 161.8 Fibonacci extension on today's London trading, daily m1 pivot point, and overall 78.6 Fibonacci retracement level on the daily chart from the low two days ago. All of this overlapping support made it an easy profit take at this point, we will see what happens after the NY morning. Fitting end to a fantastic week of trading, have a great weekend!

FXBootcamp London Currency Coach-
Christian Stephens

Category:

Education

Tags:

• GBP/JPY
• Yen
• Fibonacci
• trend
• pullback
• m3
• m1
• 38.2
• 161.8
• extension
• London
• Forex
• FXBootcamp
• Christian
• Stephens

[DDDianaDDD]

Great video, thanks!

[rbonilla18]

yeah looking back to the pass i havent lost a trade since 1992. In the live session you dont say when u enter a trade only after has achive a top. so no way to know if you really do what you preach