Forex Video | New York Session Review | November 11, 2008

The EUR/JPY currency pair had been mostly range-bound during the trading hours which preceded the open of today's New York session. As New York equity markets opened, the Euro Yen made a breakout move, which was confirmed by breaches of key levels in multiple futures markets. Traders who took the re-test of support, then exited at an overlap of the daily M1 pivot point and a double bottom, realized a profit of 170 pips.

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[asturius]

Thank you Curt. Particularly liked your trapping the range and placement of stops. Very helpful.