FOREX VIDEO - London Session Review - March 25, 2010

As London opened today the USD started to show signs of a short term pullback after breaking resistance yesterday. At the same time we had a double bottom show up on the GBP/USD 4hour and below charts during pre-London. So in this video I discuss how we built a couple trade plans involving longs on the British Pound versus the USD targeting the 1.4990-1.50 zone as our take profit zone, at which point we could certainly see more shorts developing. Sure enough we got what we were looking for, and with a little use of Fibonacci retracement zones, some patience , sprinkled with a bit of discipline we were able to achieve our goals with the British Retail Sales finishing off the move in glorious fashion for us. Sweet trades indeed, I'll take these setups everyday.

FXBootcamp London Currency Coach-
Christian Stephens

Category:

Education

Tags:

• GBP/USD
• USD
• Index
• EUR/GBP
• pullback
• double
• bottom
• Fibonacci
• breakout
• 21ema
• 4hr
• CPP
• pivot
• patience
• discipline
• Retail
• Sales
• news
• London
• Forex
• FXBootcamp
• Christian
• Stephens

[DDDianaDDD]

Great video, thanks!

[rnp1thx]

All right Chris-smooth job. Quick & lots of good info!

[AxxWell91]

Thanx! Great !