Another Great Scalping Day!
Today, Senior Trader Josh Wilson takes an active entry on the AUD/USD currency-pair at the ’60 level, anticipating that it will hold as resistance. He determines this entry based on a PIP-ONACCI Wall in the 5-Minute time frame and a pink PMD in the 15-Minute time frame here. He also takes notice of 1-Minute PMDs on the FxPM™ Matrix showing downward momentum. Josh isn’t in this short position for long, as it immediately heads in his favor. He sets his stop-loss to breakeven to eliminate risk on the trade, then quickly exits with +5.5 PIPS of profit! 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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