Presented is a 1 hr chart buy scalp idea.
As I mapped out we can see a straight channel in play between resistance of 1.68100 and support of 1.66700. If you trade this pair we know we get choppy movements so patience is a must to retest top resistance.
I am relying heavily on RSI and SRSI movement. SRSI is correcting within oversold zone with current bullish movement while RSI is breaching above 50. If MACD/SIGNAL line correct before crossing 0 line we add ore sentiment towards a top channel resistance breach. We can keep scalp trading within channel until there is a significant break with continuation out of channel in either direction.
Please comment with thoughts and ideas. Thank you.
As I mapped out we can see a straight channel in play between resistance of 1.68100 and support of 1.66700. If you trade this pair we know we get choppy movements so patience is a must to retest top resistance.
I am relying heavily on RSI and SRSI movement. SRSI is correcting within oversold zone with current bullish movement while RSI is breaching above 50. If MACD/SIGNAL line correct before crossing 0 line we add ore sentiment towards a top channel resistance breach. We can keep scalp trading within channel until there is a significant break with continuation out of channel in either direction.
Please comment with thoughts and ideas. Thank you.