FOREX VIDEO REVIEW: London Session July 8th, 2009

Posted by Roraalalt - 12/07/09 at 08:07 pm

Today we found ourselves hitting support just as the London market opened while were were still in the midst of a solid 4hr/daily downtrend on cable and the yen pairings. While there is no reason to think the downtrend is over, the charts were certainly showing many clues of needing to hit some upper support, such as the 1hour 21 ema or daily 5ema, in order to continue it’s strong downtrend. So throughout London we adopted the ‘Scalp up, so we can Spot trade down’ mentality. In this video I …

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FOREX VIDEO REVIEW: London Session July 8th, 2009

This entry was posted on Sunday, July 12th, 2009 at 8:25 pm and is filed under Currency Trading, Forex Trading, Forex Training, Forex Video. The entry is tagged under , , , , , , , , . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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