Another Great Scalping Day!
Today, Chief Trader Armando Martinez explains the classic and very reliable Power-V strategy as it is forming on the EUR/USD currency pair. As he examines the FxPM™ Matrix, he explains what to look for as far as positioning of the price relative to PMDs in the 5-Minute time-frame and positioning of the PMDs themselves. Note the “V” formation that takes place providing opportunities for short-term reversals in the market. Armando then explains what traders should look out for if they do enter a trade, in terms of today’s market and the EUR/USD’s high for the day. Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.
Filed under: Daily Learning Moment
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