Jobless Scalp - EURUSD long
It's just a few minutes after the really good initial jobless claims of the US and most USD base currencies felt the strength of the almighty dollar. I did not have any trades planned for the week so I decided to try my scalp strategy using a sizable position.
The chart above shows my relatiive entry position. After the drop, I was aiming for my regular reversal around when I start seeing some divergence with the force index near a support level. I went long as it crossed the 6 EMA in the 5 min chart.
Here is the trade a few minutes later. The trade reached my rough target of 20 pips I pushed my stop farther but it felt like reversing so I closed my trade there taking around 19 pips.
For a scalp trade, I consider this the ideal. Good entry and the trade just flowed through without much fuss. Good Exit reaching my profit target before the market got hit with indecision again.
