have a 'cheeky scalp' on me : Long CHF/JPY from next touch of trend line. Price may dip 10 pips below it , but this would be simply to shake out weak handed longs with tight stops, and to draw in unsuspecting overly keen shorts. Good Luck, keep an ey on PA for exit ;0)
Comments
fximperija
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Could be nice mate. Look what I found. Didn't trade the bearish gartley as I wasn't paying much attention to CHFJPY lately. Hit T1 @38.2 dropped further to 50 fib. Your call might be good for a bounce on 50fib, or PA may cont lower to hit T2 @ 61.8.
failathon
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If not 50%, then at least test support @ 113.500, but looking like this could be a good wedge to play...
vlad.adrian
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Scalping is the trading style that consists of high speed trading for very short periods of time. When you are using a one hour chart and talk about dipping 10 pips, it is not scalping, it is day trading. Good luck!