Catching long scalps is possible, but we never use more than 1/4 normal position size playing against trend. And get ready to set proper money management when bigger dump comes, especially on lower time-frames.
Price heading to retest 1.08 level at the moment of writing, already declined getting on upper channel on small-time-frame
1.08240 - 1.08190 zone is very volatile. If we want to get though, I expect very high volatility and strong impulse to the upside for at least 0.3% price change.
Getting such spike needs to be confirmed by another good green candle after that spike for few green candles continuation.
Today we will mostly monitor price action on EURUSD.
transparent-fx
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it will be interesting to follow, here is my view
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@transparent-fx, thank you for your input. Your approach looking at what hedge funds do reminds me checking fundamentals. I like it
Getting such spike needs to be confirmed by another good green candle after that spike for few green candles continuation.
Today we will mostly monitor price action on EURUSD.