Another Great Scalping Day!
Today, Chief Trader Armando Martinez examines a trade on the EURUSD currency as it enters the First Buy-Zone on the FxPM™ Matrix. Looking closely, he determines that the entry position that he would have taken was at the ’59 level where there is a PIP-ONACCI Wall in the 4H time-frame. Had he set a 7 point stop-loss, he would have taken his points at the ’69 level for +10 PIPS of profit. Traders in the Live Training Room were able to capitalize on this opportunity as well, and some were able to take even more 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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