The US dollar gained ground against the euro after ECB staff’s revised eurozone GDP projections were released during today’s New York session. While the small trade entry level on the EUR/USD was justified by a plethora of nearby resistance, the nature of the preceding go made the scenario a test of mettle. Traders who took the shot were rewarded with a profit of up to 70 pips [depending on entry and exit strategy].

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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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