Another Great Scalping Day!
Today, Chief Trader Armando Martinez takes an active trade on the GBP/USD currency pair. Armando takes his short entry on the price as it approaches a black PMD in the 1M time frame of the FxPM™ Matrix that has proven as a level of resistance. He then protects himself with a tight stop-loss in case the level doesn’t hold. Once he minimizes the risk on the trade, he waits about a minute before seeing some PIPS and deciding to adjust his stop to breakeven. 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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