Make Money Through FOREX Currency Trading – Foreign Exchange FX Guide Strategies System Tips
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Make Money Through FOREX Currency Trading – Foreign Exchange FX Guide Strategies System Tips
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Make Money Through FOREX Currency Trading Foreign Exchange FX Guide Strategies System Tips broker forex trading street education technical analysis information free training systems learn currency exchange investing make money online eran
Duration : 0:5:49
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The USD has been quite the bull lately and we have not yet seen any reason technically for that to cease. With the situation in Greece very tense, the Euro has shown even further weakness. With this Euro weakness and USD strength we again were looking to the EUR/USD for some further clues of continuation down. In this video I highlight how we built a trade plan starting at today’s London Session around a 40′ish pip hourly price trap, break, and then retest. Once the break occurs it was time for our favorite friend Mr. Fibonacci to step in, and sure enough he coughed up several opportunities to snag a nice EUR/USD short entry to start the day. While it took all night to really follow through, it completed its drop today of 120 pips or so from the Fib in dramatic fashion with China raising it’s reserve requirements unexpectedly, causing a strong push to the 1.3550 area which also happened to be our daily M1 reversal pivot point, Profit take time! Lovely trade.
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Todays video is a trade plan based on the EUR/USD. Following the past 24 hours, the Euro is looking heavy to the downside and looks prime to test the recent lows from 2009.
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