Forex Video – Pre-European Review – March 26, 2012

by FXChris on March 26, 2012 Looks like a pretty large Daily head and shoulders forming on the Eur/Usd. Today we found ourselves tired and all over resistance to start the week. Both Asia and London offered a chance to get short. In this video I discuss in detail what made me think short in the first place, how/where we got short in class, and where I think it is going overall and why. Also I show another setup with the Eur/Aud we put together based on a correlation view that took place at the same time as the Eur/Usd short. These plans were put together using Fibonacci, role reversal, correlation, and time of day. Hope many of you caught some of this, but if not there is likely to be more of an opportunity to soon enough.

Want to join us in the Forex trading room at SmartPip? We would love to have you, join us at We setup trades daily in a pre-European live Forex trading room M-F 1am-3amEST (0500-0700GMT) and the room stays open until London close into New York. We also do private coaching by request, and have an active Forex forum.

Christian Stephens
@FXChris pre-European Analyst/Trader/Coach

{ 1 comment… read it below or add one }

FXChris March 26, 2012 at 5:50 am

Hoping early NY traders want to send her down again, time will tell

Previous post:

Next post: