Another Great Scalping Day!
Today, Certified Trader Matt Miller takes a passive trade on the GBPUSD currency pair after the price falls into the first buy zone on the FxPM™ matrix. He takes multiple fills, one at the 36 level and another at a the 29 level. After breaking even and taking a small loss on two of his positions, he is able to make ten pips once there is a price retracement into the high 30’s. He’s able to anticipate the retracement using several indicators on the FxPM™ Platform including similar price correlation in the AUDUSD currency pair. He also uses a PIP-ONACCI Level at the 29 level to find support in the price movement. Watching the movement carefully, he is able to earn a ten pip return. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM™ and Forex Successful Online Training School.
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Filed under: Daily Learning Moment
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