Pending Order @ 0.78270 TP @ 0.79000 SL @ 0.78000

Daily Chart

Market is Bearish and price is Bullish. Price has come off of MS1 at the beginning of the week and is busy making a retracement which I plan to scalp up until market close.

Source: MT4

H4 Chart

Market is Bullish on this time frame and price is showing that its over bought on the stochastic. Price came in at market open this week at WM2 with a conservative target of WM4, I don't anticipate Price to reach it's target as market has moved slowly this week.

Source: MT4

One thought on “Scalp for the day on AUDUSD (13 October 2017)”

  1. Maryna says:

    Hi Beverley, nice trade and with the USD news, so just wondering why you only place a 20p SL when a trade is triggered with news as you had a pending order and not trading a “news strategy”?
    Thanks!
    Maryna

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