FOREX VIDEO - London Session Review - October 8, 2009

The British Pound Sterling was gaining strength from the pre-London session, and many of us were enjoying some longs that prospered into the 90 pip or so range. However, as London opened we found ourselves breaking the R2 reversal pivot point along with a rather identifiable price trap break. Using 4hr. 2hr, 1hr. and 15m charts we were able to comfortably devise a plan on longing a retest of this break point, around all kinds of overlapping support in the 1.6020-32 region. All that remained was waiting for the pullback to fall into our trap, this took much patience, but as you will see in the video ultimately paid off.

FXBootcamp London Currency Coach-
Christian Stephens

Category:

Education

Tags:

• GBP/USD
• EUR/GBP
• Sterling
• strength
• Fibonacci
• retest
• trap
• breakout
• 21ema
• London
• Forex
• FXBootcamp
• Christian
• Stephens

[DDDianaDDD]

Great video, thanks!

[ugogal]

thanks

[1yakko1]

good analysis

[FX582155200]

Thank you Chris

[nqangel]

Thank's

[kareeneecf]

Thanks Chris! Like your live class better than video....

kareen ;)

[twolf1017]

Thanks Chris!!!!

[crispexi]

Thanks for the video, Always reminding me of the fib retracements :)

Even if I only trade Eur/usd

[ugogal]

Thanks Chris for the analysis