Tuesday, September 26th, 2017

FOREX Training Video | London Session November 21, 2008


After the Yen pairs retraced a bit from Thursday’s NY lows throughout Asia, we noticed some clues on the GBP/JPY that maybe the retracement was going to extend through London. Using some short term indicators as well as divergence gave us the clues and the price trap we needed. Using a simple 2 minute chart MACD cross, along with a Fibonacci retracement after the breakout/cross offered us the very repeatable low risk/high reward type setup that ultimately paid off in the form of around 190 pips depending on profit taking. 190 pips for a 30′ish pip original risk, not too shabby. Have a great weekend folks. FXBootcamp London Currency Coach- Christian Stephens

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One Response to “FOREX Training Video | London Session November 21, 2008”
  1. DDDianaDDD says:

    Great video!

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