Here are 3 scalps for about 3 pips each.
The first one is shown from a different perspective in the 2nd and 3rd pictures where I first noticed a head and shoulders type pattern on a 5 minute chart (green circle).
A move I thought was possible happened to a (potential) dynamic resistance area. This could have helped a scale out plan.
I’ve been going through a rough patch, but happened to locate a nice quick Short trade for 4 pips
After that, I added a Fib Retracement that could have been used for a second entry or scale out.
The stop was not thought out, just placed and might have been adjusted to an extent but price started moving down quickly.
At that time I didn’t think about the Fib option, but unless the stop was planned it would have probably been hit on the retrace, to the pip. Slight chance it wouldn’t have.
Look at how the price poked through the 61.8 level, where the trend line would be.
This was nice
The nice part of this result.. is that the trade worked and was closed by end of business on Friday.
Would you have gone short as price was moving up? Any other comments or observations?
Charts101 Trading 