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FOREX VIDEO | NEW YORK SESSION REVIEW | May 12, 2009

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Uploaded by on May 12, 2009

Today's New York session traders certainly weren't given a cold shoulder by the currency markets. The greater part of a right shoulder the third and final piece of a head and shoulders pattern was formed on the charts for the EUR/JPY currency pair during today's Asian and European sessions. The subsequent drop on the euro yen finished the shoulder and completed an M3 to M1 move. Up to 200 pips in profit was the reward for traders who took the shot.

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  • Great video, thanks!

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