Today I watched excellent Michael Boutros video about Scalping Trading for this week in April.
See scalping pivot points which made Michael Boutros :
Entry/Exit Targets | Timeframe | Level | Significance |
Bearish Invalidation | Daily | 1.0495-1.05 | 61.8% Ext/ 2 Week High |
Break Target 1 | 30min | 1.0538 | 50% Fib Ext |
Break Target 2 | 30min | 1.0560 | Soft Resistance |
Break Target 3 | 30min | 1.0583 | 61.8% Fib Extension |
Break Target 4 | 30min | 1.0600 | Big Figure |
Break Target 5 | Daily | 1.0620 | 50% Retracement |
Break Target 6 | Daily | 1.0645 | 50% Fib Ext |
Support Target 1 | 30min | 1.0465 | 78.6% Retracement |
Support Target 2 | 30min | 1.0440 | 61.8% Retracement |
Support Target 3 | 30min | 1.0420 | 50% Retracement |
Bullish Invalidation | 30min | 1.0400 | 38.2% Retracement |
Break Target 1 | 30min | 1.0385 | 100% Fib Extension |
Break Target 2 | 30min | 1.0350 | 38.2% Retracement |
Break Target 3 | 30min | 1.0329 | 1.50% Fib Extension |
Average True Range | Daily | 65 | Profit Targets 15-17pips |