FOREX VIDEO REVIEW: London Session March 24, 2009

Posted by - 03/02/10 at 09:02 am

The Eur/Jpy today finally reached it's 200 day moving average along with an overall 38.2 Fibonacci level overlap in the same area, going back to last year's highs around 170. Hitting this kind of overlapping resistance gave good reason to look for some nice decent quality short entries, taking advantage of some profit taking from the recent rise. While this move did begin prior to the fxbootcamp London session open, it still offered a quality entry off the lower highs that were presenting themselves all night. The short ended up hitting our immediate target of the hourly 21 ema, for 115 pip or so profit off our last entry, more if you got in pre-London. In the video I highlight how were able to identify a high probability low risk scenario all the way to the pip, giving us a ridiculous 7 to 1 or so reward vs. risk, hard to ignore. fxbootcamp London Currency Coach- Christian Stephens

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FOREX VIDEO REVIEW: London Session March 24, 2009

This entry was posted on Wednesday, February 3rd, 2010 at 9:20 am and is filed under Currency Trading. 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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