Fib Matrix Forex Strategies | 2016-06-29 EURUSD +6

EURUSD +6 2016-06-29 | 1 min Trend Trade

This is a 1 min trend trade. In addition it is a good example of the step pattern that the boxes make when a good trend has formed. In this trade Kash has decided to take the entry at the 1 min boxes allowing himself room to add if necessary at the 5 min boxes. Picking the perfect place to take the trade depends a lot on “price action” here it has been strong hence the 1 min entry. Ideally the 5 min entries provide the highest probability of success. Of course if you wait for that you might not get your entry so you have to make a decision based on the prevailing market conditions.

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

Previous recording Fib Matrix Forex Strategies | 2016-06-28 GBPUSD +10

Fib Matrix Forex Strategies | 2016-06-29 EURUSD +6 was originally published on 24HR Forex Trade Room

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