After yesterdays whirlwind of a London session, today was more about longer term pullbacks. We had a few nice setups in class on the EUR/USD, yen pairs, and AUD/USD. In this video we highlight one of the plans we put together that ultimately hit our 1st target of the 4 hour 21ema perfect for a nice 135ish pips depending on entry/exit. Overlap was the theme for this setup. We identified resistance to start the night and set an alarm. Once alarm was triggered we went back to aud/usd and tossed up a Fibonacci study looking for a high quality pullback zone. Sure enough the 38.2 Fib was overlapping with the trendline on the 15m chart, as well as the hourly 5ema. This provided a quality 35 pip risk or so trade for potential 140 pips, nice risk vs. reward. Pretty technical night for London bootcampers.
FXBootcamp London Currency Coach-
Christian Stephens
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