Friday, 22 April 2016

Forex Price Action | GBPUSD +10 pips 2016-04-11

#GBPUSD +10 pips 2016-04-11| 1 min Trend Trade

This is a GBPUSD trend trade on the 1 min time frame, Price has risen sharply with only the 1 min min boxes visible and even these have a large gap between them. In these circumstances 1 min trend trades become viable as we look to harness the trend momentum on the first pull back.Here, price here has retraced to the first 1 min box and the time frames have no resistance levels showing above the entry price. Half the position is taken for +7 with the balance taken for +13 giving +10 net profit.

The TimeLanes forex trading software is a powerful trading tool, find out how it can help you develop effective forex trading strategies.



from 24HR Forex Trade Room http://24hrforextraderoom.com/forex-price-action-gbpusd-10-pips-2016-04-11/