Forex Video | New York Session Review | December 10, 2008
August 14th, 2009
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fxbootcamp asked:
Most New York traders face a fork in the road strong or weak US dollar at the beginning of each day. Fortunately, multiple technical clues materialized on the currency charts during today’s London lunch, and all signs pointed down the same path: Weak USD. A long trade on the GBP/USD saw limited upside due to relative weakness of the British pound, but lack of strength was not an issue for the Swiss franc. A short trade came together on USD/CHF after the bounce at the central pivot point during the hour prior to today’s New York open. A reward of 110 pips was waiting for those traders who took profit at the M1 pivot point.
ARITA