• Vasily Trader

GBPUSD: Morning Scalping

Hey traders,

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.

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