Tuesday, 24 March 2015

Live Forex Trading Room 2015-03-24 #EURUSD +6 and +12 pips

Today’s London session saw EURUSD make an assault on the 1.10 level, moving up 60 pips quickly. 1.10 proved to hold strong resistance but the strength of the move indicated to Paul that another attempt might be made. He waited for price to retrace to the L3 disk and edge of the White Zone as EURUSD had made a new high. When price hit the L3, Paul jumped into the EURUSD long. He planned his trade so he had room to add lower down but this didn’t prove necessary with the trade Yielding +6 ang +12 on the remaining part.

It is another good example of how accurate the Tiger Time Lanes forex software can be in being able to pin point entries. It was a great example of an L3 edge of the white zone trade.

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