FOREX VIDEO REVIEW: London Session February 10, 2009
1 Mar
London today opened with the British Pound/USD pairing stuck in a little triangle, price trap. Just as London opened it seemed to breach the upper resistance of this trap , but quickly proved to be a fakeout when we awaited a pullback. In this video I show how, in great detail, how we were able to stay out of the long, and build a solid tradeplan on the break either way of the trap. Sure enough we got a break on the next test of the bottom, awaited a Fibonacci pullback to the now broken trendline, and it was pretty much straight to our projected target in no time after that. Having solid patience and discipline in this setup led us to a very high quality pullback entry risking 22 pips or so for an 80 pip reward, London could start off worse eh? Good stuff. fxbootcamp London Currency Coach- Christian Stephens
yeah. . . that alone was good enough reason to short. . . nothing special here. . .
Great video, thanks!
Thanks for sharing knowledge
wasn’t that a classic rising wedge pattern on the 15 minute chart?