Looking to scalp the liquidity and stop runs at the 50 level. Bought EURUSD at 60, sold it at 90 on the TP of 30 pips. 30 pip SL and TP on the London close session.
Closed out 15 minutes after entry for a small gain.
I got in here because I missed the first 50 tap, and bought it on the upswing. Prices dipped below the yearly low of 50, and you could expect some stop runs to be hit. This gave me enough speed to take it to 90. I expected price to get to the figure and travel lower consolidating around the yearly low so I wasn't looking for an overall reversal. Just a small bounce.
Closed out 15 minutes after entry for a small gain.
I got in here because I missed the first 50 tap, and bought it on the upswing. Prices dipped below the yearly low of 50, and you could expect some stop runs to be hit. This gave me enough speed to take it to 90. I expected price to get to the figure and travel lower consolidating around the yearly low so I wasn't looking for an overall reversal. Just a small bounce.