The Beast – A Scalp

GBP/JPY

+13 pips (This was a 5 minute chart)

Sometimes, when I see a classic candlestick pattern, such as an “evening star”, in the middle of nowhere, I look for a quick scalp in the opposite direction of what the classic candlestick pattern suggests.

In this case, I actually expected the price to continue north, even though there was a FIB level in the way. Even if it doesn’t, we can take a scalpers profit. The area of the rectangle is where I took the trade.

 

nimbus-image-1461892949428

 

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