FOREX Trading Review Video 01 MAY 09 GBP/USD : Close above resistance

http://www.fxtrainingzone.com :: GBP/USD long trade based on a close above previous resistance. Entry made by candle pattern. Reasons for trade:

- Strong Bullish engulfing candle close on the 4H, which closed aggressively above previous resistance.
- Price found support off the 8 & 21EMA's.
- Strong momentum shown on the 1H charts which should carry a high probability trade.
- Price action found support off the 50% fib level & old resistance level from daily chart.
- Good angle and separation of the EMA's confirming upward move.

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[JD6934]

great video thanks.

[sl0wik78]

Thank you.

Good luck, Sion.

[pwon99]

great video