jabulani90 posted: hi, see you posted impressive results, can you share me the tips of scalping coz I have been losing all the time.
1) start with good money, you should have enough money with the ratio of what you want to make on daily basis. 2) keep patience while choosing your trades, do not jump in the market all the time 3) go slow, trade small 4) keep wide stops and trade small 5) trade majors
USDCAD moved sideways in a trading range between 1.3195 and 1.3339. As long as 1.3195 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.3068, further rise towards 1.3450 is still possible after the consolidation. Only a breakdown below 1.3195 support could bring the price back to 1.3100 area.
GBPUSD broke above 1.2996 resistance, suggesting that the downside movement from 1.3217 had completed at 1.2772 already. Further rally would likely be seen and next target would be at 1.3200 area. Near term support is at 1.3000, below this level could bring the price back to 1.2900 zone.
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