FOREX VIDEO REVIEW: London Session February 4, 2009

Pre-London kicked us off with some weak Euro and weak Swiss Franc against the US Dollar. Just as we opened our London session we found ourselves bouncing off a shorter term trend line, and primed for a perfect Fibonacci retracement overlapping with several layers of additional resistance in the form of various ema's etc. around those same Fib zones. In this video we highlight in extreme detail how we were able to plan and execute a high quality, low risk vs. high reward short setup on the EUR/USD not once, but two times throughout the London session. Also, if you did not take these Fib entries right off the bat, each entry offered very good short term confirmation for even the most conservative trader to believe in the move, along with correlation with the USD/CHF and clear EURO weakness as witnessed in EUR/GBP re-breaking the .9000 level. I spent some extra time in the detail on these video's, because quite simply you will not find a Fib pullback entry with more clues, and confirmation than this very often. If you are having some issues understanding pullback trading this video should help a great deal with a prime example. Ultimately the EUR/USD fell over 250 pips today and these two entries offered a prepared trader a couple clear opportunities to catch a significant part of the move. Have a super day!

FXBootcamp London Currency Coach-
Christian Stephens

Category:

Education

Tags:

• EUR/USD
• Euro
• USD/CHF
• EUR/GBP
• weakness
• 21ema
• pullback
• Fibonacci
• overlap
• London
• Forex
• FXBootcamp
• Christian
• Stephens

[keris80]

Thanks for sharing knowledge Chris

[moxiemulgrew]

nice job buddy. hope to get to your site and get signed up soon..

All the best from Ireland