If anyone hung on, or continued trading their Aussie positions the price managed to hit my next lower yellow box overnight. See previous chart. Maximum move 160 pips. (FYI. We do not add these to the monthly total)
Aussie reached the lower trend-line I showed on my previous charts and a maximum of 100 pips. I think we might look at this one tomorrow for a longer term trade.
Nice scalp – closed off near the up-trend line and hope our day trader/scaper members got some pips from that.
Let me know if this is the type of trade you like to know about.
There was no confirmed reversal for the print of a shoulder so I took a short position on the trend-line break and have now taken a good portion off at +20
For experienced members only.
A few of our more experienced members have asked for scalp/day trade ideas. We have given these recently with our purple trace which has proved very profitable for some. Here’s an idea based on a potential Mini H&S
Its possibly worth looking at Aussie for working/scalping some ranges.
H&S forming? – consider trading the potential R shoulder, Up or Down.
Watch for potential neck-line break – work the potential through the Kumo towards the up-trend line.
We will be trading this one.
