Another Great Scalping Day!
Today, Chief Trader Armando Martinez takes a short position on the EUR/USD and uncharacteristically passes on several opportunities to take points in anticipation of the price driving itself even lower. He takes his entry after doing his homework on the EUR/USD and seeing that the high for the day is meeting PIP-ONACCI Walls that act as resistance levels in both the 4-Hour and 5-Minute Time Frames. He takes his short position and adjusts his stops and limits accordingly. His patience pays off, as the price breaks through the low of a range and provides his +51 PIPS of profit! Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM™ and Forex Successful Online Training School.
Filed under: Daily Learning Moment
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