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Forex Video | New York Session Review | November 5, 2008

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Uploaded by on Nov 5, 2008

Today's New York session featured a breakout move on the EUR/USD following the release of a record low ISM services index. Traders who missed the move up did not need to dwell for long, as a counter-trend trade setup came together about 30 minutes after the news. The short trade which started with the rejection at the combination of a daily 21 ema, psychological level, and trendline, confirmed by an extreme MACD cross on the 1-minute chart, ultimately produced a 75-pip profit before today's London close.

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