Sunday, 17 April 2016

Forex Price Action | GBPUSD +10 pips 2016-04-01

GBPUSD +10 pips 2016-04-01 | Trend Trade Off 1 Min Time Frame

This is a 1 min trend trade. They are usually taken when price has moved a long way and fast and then retraced. These can be risky to there is often no line of defence behind the 1 min boxes, the 5 min boxes and levels usually being a long way away. Here the first entry on GBP/USD didn’t work so, Kash added to his position at the next level and made +10 pips net from the trade.

You can find out more about the TimeLanes software and to use it to find forex trading signals, here

from 24HR Forex Trade Room