Thursday, 4 August 2016

Fib Matrix Forex Strategies| 2016-07-13 GBPUSD +8

GBPUSD +8 2016-07-13 | 1 min trend trade

This is a 1 min trend trade. Cable has moved down sharply. On its initial retrace a short is taken at the 1 min box because of the stretched out nature of the grids, the lead 5 min box being 25 pips away from the lead 1 min box. Momentum is still strong to the downside with all timeframes in a downtrend so the trade is entered at the first 1 min box.

For more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here

Previous recording Fib Matrix Forex Strategies | 2016-07-12 EURJPY +7



from 24HR Forex Trade Room http://24hrforextraderoom.com/fib-matrix-forex-strategies-2016-07-13-gbpusd-8/