Looking at EURUSD for any bounce off the bottom of the channel to scalp with a small lot size. RSI and MACD showing some bullish divergence off the trend line as well, but downtrend is still strong so this will be a quick trade.
Note
Idea invalidated by a break and a close outside the channelNote
Could be fake breakout of channel, it looks like price is coming back into channel. Keep an eye on this, the divergences are still holding so this could still be a valid long scalpTrade closed: stop reached
Price was unable to make a rebound off the bottom of channel. Will wait for next setup
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.