GBPUSD: Morning Scalping
Here is a very nice scalp trade that I took with my mentee this morning:
GBPUSD is relatively oversold,
the price formed a falling wedge pattern on 30m time frame and formed a double bottom formation within.
The resistance line of the wedge was broken this morning and we bought and a retest.
Goal - 1.371
Stop - 1.361
Scalping trades are very risky.
Don't risk more than 0.5% of your balance.