FOREX Training Video | London Session August 11, 2008

After the tremendous recent leg of the USD strength Friday, and the decent GAP trading on the Sunday open, we were cautious entering London. Most major pairs had trended strongly and all hit the next substantial support/resistance areas. A pullback looked more likely than anything, so we zoomed in on the majors to get a real fix on the USD. In this video I show you how we walked the room through a conservative, low risk, high reward entry on a EUR/USD long that gained 60-100 pips depending on entry & profit taking, using a not a lot more than a higher high. This was also the case with AUD/USD (in the video) GBP/USD and basically any USD pairing. The trend may not necessarily be over, but profit taking pullbacks were fairly easy to spot during today's London. Several hundred pip day, love starting the week this way.

FXBootcamp London Currency Coach -
Christian Stephens

Category:

Education

Tags:

• EUR/USD
• AUD/USD
• Gaps
• Breakout
• higher
• high
• fibonacci
• retracement
• London
• FXBootcamp
• Forex
• Christian
• Stephens
• USD
• trend

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