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FOREX VIDEO REVIEW: London Session February 20, 2009

Jul 2, 2009 Forex Reviews

The GBP/USD, just after the London open today, had bounced convincingly off of the daily M1 reversal pivot point which overlapped with a very noticeable 2 or 4 hour trend line. Shortly after which, a better than expected Retail Sales number from Great Britain catapulted the Pound even further northward through the 15 minute 200ema, but just shy of the next level of resistance at the time of 4320 or so on the hourly chart (200ema). These longs were very tradeable using short term confirmation …

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Tags: Christian, Confirmation, fibonacci, forex, fxbootcamp, Gbp, GBP/USD, Great Britain, London, Longs, M1, m3, M4, Next Level, Pivot Point, Pullback, Resistance, Retail, Retail Sales, reversal, Sales, Stephens, Trend Line, Video Review