FOREX VIDEO - New York Session Review - August 10, 2009

Source: blogs.fxstreet.com

The GBP/USD was the only major currency pair which had shown any significant movement during today’s London session. By the open of the New York session, traders had both technical and fundamental reasons to short the cable. A profit of between 65 and 180 pips (depending on exit strategy) was the reward for those who took the conservative, repeatable short trade entry at the 21 ema on the 15-minute chart. Curt Wehrley FX Bootcamp’s Quantitative Analyst


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