Another Great Scalping Day!
Today, Chief Trader Armando Martinez talks about why traders should be careful in trading in a volatile market. Today, there was major price action triggered by Chairman Bernanke’s speech. Armando warns that even in areas where technical tools point out great areas of support or resistance, a major news event can drive prices right through them. In this particular case, a PIP-ONACCI Wall at a high-90’s level for the EURUSD Currency would be great support on the FxPM™ Matrix, but Armando stays out, as price action is too unpredictable. 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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