FOREX VIDEO - PRE LONDON OUTLOOK OCTOBER 7TH 2009

Hi everyone, for this outlook I analyze Cable, the USD Yen and Pound Yen. Very simple analysis as usual. I build almost all todays respective trade plans around the prevailing trend and breakouts of continuation patterns. I make use of basic price action as well support and resistance. Good luck!! David Pegler

Category:

Education

Tags:

• FXBOOTCAMP
• DAVID PEGLER
• FOREX
• CUURENCY TRAIDNG

[ugogal]

thanks

[redsheriff]

With a "soustained" breach of above 1.5940/50 levels yesterday (oct. 7th, 2009) and a closing at rollover above that zone that you mentioned we had a pretty nice bullish pattern in CABLE...

Now it has reached and crossed above its second daily pivotal resistance at 1.6048 - which is not a bearish trigger as well ;-)

Highest until now was 1.6073...

Thu., Oct. 8.  (at 9:15 UTC)

[redsheriff]

Okey-dokey! And it broke a little bit above that levels...

Now trading at 1.5953/55 (10:39 PM UTC)

Highest was 1.5966 until now...

[twolf1017]

Good Stuff!!!

[pablitoaimar10]

Great video David, thanks again.

[knoxxa]

thnks

[georgehouhou]

thanks david,

your analysis is spot on as usual!

[krunoeleven]

Thanks David, great video.

[bikeinmotion]

Don't forget interventin on the UJ, the last time they did it around 87

[xgoa]

thanks