We discussed several ways to sell off the pivot point. the more conservative was to wait for the break lower and catch a pull back. This seems to have happened. At this point, since its a scalp, you have two choices: 1. Take Profit 2. Jam your Stop
Notice how there could have also been several "followup" scalps after the first.
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About The Forex Analyst
Wayne McDonell has has been trading forex full time since 2004. He is the Chief Market Strategist for TradersWay.com He is the author of "Strategic and Tactical Forex Trading" and his foreign currency analysis appeared on Bloomberg TV, Wall Street Journal and many others. He is also the founder of FX BOOTCAMP.