Another Great Scalping Day!
Today, Chief Trader Armando Martinez takes a passive position on the EURUSD currency after CPI numbers had been released for the month. He see’s that there is a Power V setup, but because of the underwhelming numbers, Armando is careful when taking his long position and is able to anticipate that the price may keep falling below the 13 level, where there are black PMD’s on the FxPM™ Matrix. Instead he times a retracement at the 6 level in the first Buy Zone, takes an entry there, and is able to earn 8 points. 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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