Forex Video | New York Session Review | December 18, 2008

The EUR/USD reached the daily R2 pivot point in early London session trading. A series of lower highs and higher lows over the next four hours set the stage for a triangle breakout. Those traders who entered a short trade on the re-test of the triangle support line, then exited at an overlap of a psychological level and a trendline, realized a profit of 200 pips.

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[keris80]

Excellent ... Thanks for sharing knowledge