At the open of today’s European session, major central banks announced a coordinated go to improve liquidity conditions in the global financial markets. The EUR/USD rose in response and managed to break above resistance of the 100-pip range which had defined the pair’s previous 12 hours of price action. A 100-pip trade was the outcome for traders who executed a long trade entry at the re-test of resistance, then took profit at the daily M4 pivot point.

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One day before this months Non-Farm Payroll release, and a European rate announcement in the morning left us with not a whole lot of huge movement throughout today’s London market, although we did have some general British Pound Sterling weakness going on. In this video I wish to focus on just one of the trade setups we did tonight, a News Scalp setup following the British GDP news announcement. It was a pretty classic news scalp entry that we take at FXBootcamp all the time, that involved …

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