FOREX Training Video | London Session August 5, 2008

While Aussie pairs were tanking, and the Yen was appreciating, it may have been easy to overlook the tightly ranged EUR/USD during this London session. The EUR/USD has recently broken long term trend lines subjective to how you draw them, and was in a very tightly identifiable range between around 1.5547 and 1.5521. All that was needed was to set alarms for a breakout. Once triggered a simple fibonacci study was all that was needed for most Bootcamp members to pounce on it. In this video I highlight how we conservatively leaned risk/reward highly into our favor and ultimately snagged a sweet 60-70 pip trade depending on how the profit taking was handled. FXBootcamp London Currency Coach - Christian Stephens

Author: fxbootcamp
Length: 09:35
Views: 1305
Tags: breakout  channel  Christian  EUR/USD  Fibonacci  Forex  FXBootcamp  London  pivot  pullback  range  Stephens  trendline