FOREX VIDEO REVIEW: London Session February 19, 2009

Pre-London today finally began the bullish British Pound/USD move off support that the 4hour MACD divergence had predicted over the last couple of days, breaking a very definable price trap. Following this break however, we did not enjoy a pullback to the breakout point like we usually do. This unfortunately left some of the more conservative entrants out of the game. In this video I break down the trade in it's entirety, including the initial setup/plan for the trade, along with the failed initial pullback, and how using very short term charts we were able to 'insert' our 'reloads' into the long side at several 1minute swing pullbacks, while price continued to 'Ride the 5 ema' on the 15minute chart all the way to our initial target of the R2 reversal pivot point. Then in the late London morning how we planned our continuation fibonacci entry onward into the London lunch. Very nice trade, especially if you traded not only the GBP/USD but a Pound basket.

FXBootcamp London Currency Coach-
Christian Stephens

Category:

Education

Tags:

• GBP/USD
• EUR/GBP
• bullish
• divergence
• 4hour
• Fibonacci
• London
• MACD
• Forex
• FXBootcamp
• Christian
• Stephens