AUDUSD looking to retrace to the 1 day downward trend. We are looking to follow the higher lows on the 4 hour chart. Another scalping call with a 1:1 risk to reward ration risking only 5% of the account. Risk management is key so stick to your trading plan! Welcome to your thoughts and opinions.
Scalping Idea with a 1:4 risk to reward ratio. On the 4 hour chart there is a upwards channel forming. As price is currently sitting at the bottom of the channel and the Stochastic indicator is also showing the market over sold, we are expecting for a reversal. What do you think?