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