Quite a pre-London move was in play to start todays London session on the Japanese Yen pairings, and one could have found themselves up quite a nice amount of pips already to start the London morning. In this video however, we highlight how using primarily Fibonacci retracement levels, along with currency correlation (EUR/GBP, GBP/USD, USD/JPY) we were able to plan and execute a high quality short continuation on the GBP/JPY, since the British Pound was very weak at the time, for a relatively painless and quick 140′ish pip trade. This continuation move took place entirely in the London morning session. Also in this video we show how we were able to determine how to take profit using short term charts to tell us when to get out of the way. Additionally we highlight both a counter-trend long on EUR/JPY and subsequent re-short off the 38.2 Fib pullback zone and 21ema on the 15min. It was a very active session that having multiple charts open at once gave a much clearer overall picture. If you were on the ball it was a fantastic session, especially if you started in pre-London.
FXBootcamp London Currency Coach-
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