EURJPY +7 2016-06-13 | 15min Tripod Trade
This is an example on EURJPY’s of a 15 minute tripod set up. This can be see by looking at 15 pip distance from the 1 min boxes back to the 5 min boxes and the fact that the 15min L2 box is in line with the 1 min box This creates a distinct ‘V’ pattern if you drew a line from the lead 1 min box, to the lower 5 min box through to the upper 15min box.
You can find more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here
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