FOREX London Session Video August 7th, 2007

While we had a fantastic continuation of an earlier GBP/USD move to the downside handed over to us from the Moscow session, things were relatively quiet in out session otherwise. That is until AUD/USD broke suddenly to the downside. Wlathough many missed the initial break, it proved to be a good example of how to use shorter term time frame charts to gain confirmation of a continuing move down allowing us to enter at a retrace to the 5ema. This entry allowed many to gain 30 pips or so of the remainder of the move to M1.