Forex scalping in the New York Open
Northern Lights can help you scalp with great confidence in the high probability sessions of London and New York open.
As you see in the main forex scalping chart clear defined signials tell you to get ready for the trade.Then with our proprietary method of entry you can scalp the high probabilty forex scalping target and then leave the rest of the order for trailing or a specific target.
In this case was the bottom of the 00 batle for the gbpjpy.
GBP/USD: negative bias unchanged – Commerzbank
Tue, Jul 21 2015, 09:02 GMT
GBP/USD in red around 1.5550
GBP/USD drops to session lows at 1.5530
GBP/USD off highs, near 1.5575
The pair’s stance remains tilted to the bearish side, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank.
“GBP/USD remained under pressure yesterday and sold off to the 55 day ma at 1.5550 – this adds weight to our view that the push up to 1.5674 was corrective only”.
“Therefore for now, our negative bias remains intact and we look for rallies to remain capped by 1.5700 and trigger a slide towards support at 1.5171, the June low and favour losses beyond here”.
“Initial target is the 200 day a at 1.5415 and 1.5332 the July low”.
Have a nice afternoon