EURJPY +7 2016-06-09 | Orange To White (Using EURUSD)
This was an orange to white trade on EURJPY. This is was taken on EURJPY not because it was at a specific level, although it had moved down substantially and there were 15 pips back to the 1 min box, but because EURUSD was at significant support. This trade was about using the the EURUSD cross’s parental pairs to determine the entry. If you don’t understand why this is important or or how to effectively trade cross pairs please review our tutorial on forex cross pairs.
You can find more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here
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