Euro / Dolar New Zealand
Panjang

Scalp straight channel to retets resistance

53
Presented is a 1 hr chart buy scalp idea.

As I mapped out we can see a straight channel in play between resistance of 1.68100 and support of 1.66700. If you trade this pair we know we get choppy movements so patience is a must to retest top resistance.

I am relying heavily on RSI and SRSI movement. SRSI is correcting within oversold zone with current bullish movement while RSI is breaching above 50. If MACD/SIGNAL line correct before crossing 0 line we add ore sentiment towards a top channel resistance breach. We can keep scalp trading within channel until there is a significant break with continuation out of channel in either direction.

Please comment with thoughts and ideas. Thank you.

Penafian

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