FOREX Training Video | London Session October 6, 2008

After last Friday’s $700 billion bailout things were bound to be volatile today. Especially with pairs like the Eur/Usd hitting it’s weekly 200 ema for the first time since Sept 2006. So the USD was a very difficult vehicle to trade tonight. The USD indecision did however allow the Swiss Franc weakness to show itself very nicely. Using this information we then took a look at resistance levels on usd/ch, gbp/chf, and eur/chf. In this video I show how using a Fibonacci retracement along with overlapping support in forms of ema’s mostly, we were able to insert ourselves in a high quality long on the gbp/chf for a decent 100 pip ride. Sadly many of the other opportunities of the night did not work out as well, so it was nice to see something follow through to resistance. Tough night overall, without a doubt.

FXBootcamp London Currency Coach-
Christian Stephens