FOREX VIDEO REVIEW: London Session March 16, 2009

During Pre-London we some some strength in the British Pound, the Euro, and some weakness in the Japanese Yen. While there were some very nice trade plans that followed through nicely throughout the London session in with all of these currencies in this video we focus on the GBP/JPY long, that was indeed a rather difficult entry to feel fantastic about at first. We primarily use Fibonacci, and recognition of higher low's in this setup to identify the opportunity, and visual resistance, daily M4/R2 pivot points for our upside trade potential for profit taking. Ultimately this trade gave us a 215 or so pip profit off of an initial risk of 20 pips or so, it's not often you have a setup with only a 20 pip risk on the pair we like to call 'the Beast'. Great way to start off the London week!

FXBootcamp London Currency Coach-
Christian Stephens

Category:

Education

Tags:

• GBP/USD
• GBP/JPY
• pulback
• Fibonacci
• higher
• lows
• M4
• R2
• pivot
• point
• reverse
• fib
• London
• Forex
• FXBootcamp
• Christian
• Stephens

[DDDianaDDD]

Great video, thanks!

[rsparks11]

Great Chris. I was there. Unfortunately I saw the double top as too much resistance so foolishly didn't take it. Nice to have this vid to refer to to see what should have been. Thanks. Next time...