Another Great Scalping Day!
Today, Chief Trader Armando Martinez calls out a Trade on the EURUSD after a drop in this currency pair causes it to reach a strong indicator of support, a black PMD on the 4 hour time frame. After a relatively slow market morning Armando felt comfortable that this indicator would provide support for a bounce back. Additionally by anticipating that a Break-out of the morning low could indicate further downward movement in this Currency Pair, Armando established a Low Risk stop loss point. Armando and Members of our Online Training Community were able to scalp a quick 4-5 points. Learn how to use the FxPM™ Matrix’s indicators to identify precise entries and exits and consistently profit in the Forex market with FxPM™ and Forex Successful Online Training School.
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