Looking at EURUSD for any bounce off the bottom of the channel to scalp with a small lot size. RSI and MACD showing some bullish divergence off the trend line as well, but downtrend is still strong so this will be a quick trade.
Comment:
Idea invalidated by a break and a close outside the channel
Comment:
Could be fake breakout of channel, it looks like price is coming back into channel. Keep an eye on this, the divergences are still holding so this could still be a valid long scalp
Trade closed: stop reached:
Price was unable to make a rebound off the bottom of channel. Will wait for next setup