USDJPY +6 2016-07-15 | 5 min 15 min Trend Trade
This fib matrix trade on USDJPY is a classic 15 min trend trade, helped by support of the L3 on the 5 min timeframe. This is the third part of the price cycle. Price has moved up then retraced back to the 5 min box the move up again to set swing high before retracing to test the 15 min L1. The trade was taken here producing a very quick +6 pips.
For more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here
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