This is how I scalp EUR/USD. It is meant to be used when Australia is in nocturnal state.
You need to merge EUR/AUD and AUD/USD with EUR/USD and watch for a sharp spike (up or down) in EUR/USD.
If the same spike occurs on EUR/AUD without occurring on AUD/USD (or vice versa) then in most cases it suggests that either EUR or USD is spiking alone and the chance of correcting back-fast is far more probable than normally. This occurs just few times a day, but with patience it can be very profitable for scalpers. You can also use Dollar Index for comparison, but I found AUD comparison to be far better.
Head over to the next chart linked bellow for more details and let me know if you have any questions.
You need to merge EUR/AUD and AUD/USD with EUR/USD and watch for a sharp spike (up or down) in EUR/USD.
If the same spike occurs on EUR/AUD without occurring on AUD/USD (or vice versa) then in most cases it suggests that either EUR or USD is spiking alone and the chance of correcting back-fast is far more probable than normally. This occurs just few times a day, but with patience it can be very profitable for scalpers. You can also use Dollar Index for comparison, but I found AUD comparison to be far better.
Head over to the next chart linked bellow for more details and let me know if you have any questions.
