Nice little 15 pip scalp this morning. As you can see from the chart this trade was based on a break of resistance down following a huge down move in US session. Reason to take the trade was: I checked 1hr charts and it gave a long down candle with a series of small candles forming a downward arc. This formation often results in a break of the large candle following the direction of the arc. Trade exit at the 100% fib level of yesterdays market. Yes it could go further but I expected it to pause and it did, so I took my profits.
I am a scalper thru and thru.
I am a scalper thru and thru.
Just trade the pullback you idiot!