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How to trade AUDUSD at 1.05 Resistance ?

May 24, 2019 by Investor

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

Related posts:

  1. Forex trading ideas in April 2013
  2. Fibonacci Extension
  3. Confluence
  4. Fibonacci Extensions
  5. Scalping strategy in forex trading
  6. Scalping Forex Strategy
  7. How to trade Crude US Oil – live oil crude price
  8. Resistance

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