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After the bottom fell out from under the British Pound yesterday, it allowed us to hit long term resistance on the EUR/GBP Weekly/Daily charts. and very well extended past the Daily Bollinger Band/5 ema. This left us in a situation where we were looking to build trade plans on any clue of a pullback type trade. In this video I break down how we built and executed trade plans on both the EUR/GBP and GBP/CHF pairs simultaneously using short term time frame charts to wiggle us into what looked to be the beginning of an hourly/4 hour lower high on the EUR/GBP and higher low on GBP/CHF.

These pairs proved to get it handled by the time London lunch rolled around, not too shabby a counter run tonight.

FXBootcamp London ...

[B]The week began with a strong start, especially for the British Pound, which was knocked down. Today, more important events are awaiting us with rate decisions in Australia and Canada being in the limelight. Let’s see what’s up for today.[/B]

Australian action starts the day: Retail Sales made a nice leap last month, rising by 2.2%, but now they’re expected to rise by only 0.7%. In the housing sector, a disappointment came from last month’s dropping Building Approvals. They’re predicted to rise by 0.8% this time. Now for the main dish:

The Australian central bank is expected to raise the interest rate to 4%. This will be the fourth rate hike since the financial crisis broke out. Australia is the first and ...

Biggest % gainers: AUD/NZD up 0.85%, AUD/USD, AUD/JPY, AUD/CHF on mild AUD strength after their 1/4 point rate hike last night.

Biggest % losers: USD/CAD down 0.80%, EUR/CAD on mild CAD strength. While they kept their rates steady at 0.25% as expected, their economic data has been strengthening some lately and that's lending some support to the CAD. Also, with oil still hovering around $80, it's helped the CAD sentiment as well.

CAD BOC says inflation is still above forecast.

Australia forecasts commodity sales to rebound next year on China demand. http://www.bloomberg.com/apps/news?p...d=a9ZRnB1DULE4

Stock markets liked the news coming out of India overnight...India ...

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/eurusd"]EUR/USD - Euro / US Dollar[/url][/b]
[b]Entry[/b]: 1.356
[b]Stop[/b]: 1.359
[b]Resistances[/b]: 1.379 - 1.366 - 1.3575
[b]Supports[/b]: 1.3435 - 1.345 - 1.351

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/gbpjpy"]GBP/JPY - British Pound / Yen[/url][/b]
[b]Entry[/b]: 133.3
[b]Stop[/b]: 134.1
[b]Resistances[/b]: 136.75 - 134.5 - 133.7
[b]Supports[/b]: 131 - 132 - 132.5

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/gbpusd"]GBP/USD ...