who is of the same view? However, it may not work because the last 1 hour opened at 0.9061 and closed below that level
I said I would like to discuss and share my scalping strategy. Lets refer to USDCAD above. Apologies its USDCHF The last one hour bar (high+low)/2 =.9060 (this would have been my entry point) Unfortunately the same bar opened at .9060 and closed at 0.9059 (that is below opening price) That meant I couldn't trade it. However, I could easily have earned 10 pips from 0.9060 to the current price at 0.9070 If you have questions just inbox. No need to ask on behalf of others.
Remember, this is scalping strategy. You don't earn a lot of pips and you don't risk a lot of pips. But you can increase lot size significantly, risking unto 2% to earn 2% because you are sure the trade will not fail you. That is the beauty of scalping based onthis strategy
The next pair I will analyze is EURSGD entry point 1.4435 sl 1.44146 If price falls to from the current level (see the chat below) to 1.4435 don't hesitate to risk something. Its always good to use demo account
We missed eursgd as you can see. (because price did not follow my rules, entry point 1.4435) As for AUDNZD, what do you think will be the outcome?