Lots of discussion points on this one. Lets start by looking at the daily chart set up. The main focus here is the solid cyan line at 1.10560. This level has strong significance, not only being a previous swing-high, but also has importance on lower time frames. The red level is our primary invalidation point. […]
Tag archives: 6E
A Good Level Beats MACD Divergence All Day
This morning I’ve been looking for scalping opportunities on the lower time frame EURUSD chart. I’ve reinforced my opinion that the number one priority when looking for trades is identifying significant levels. The MACD is at best a lagging indication tool for momentum change, and at worse can actually hamper your trading decisions by creating […]
Trade #2: Quick M6E Long Scalp
I’m still expecting a EURUSD to push higher either this week or next. I think 1.11230 needs to be tested on the monthly time frame. But it’s important to not form a bias around this. I’ve marked quite a few levels where long scalps are possible as we retrace the up-leg. The red level at […]