Quick EURUSD Scalp? 11-10

2017年11月10日

Discussion points:

• 4hr candle apears to be stalling
  
• Stochastic 15-5-5 showing an overbought signal
  
• USD has made a recent strong move upwards and is consolidating around the 1.1645 area
  
• There is a bearish mid trendline slightly above current prices around the 1.1662 area
  

Price has remained in a solid downtrend on a 4hr chart with consistent new lower highs (reached 11/2) and new lows (reached 11-6).


Things to take into account:

• The mid trendline is has very vague points with a wide range of possible ressistance interpretations
  
• The low reached on 11/7 has hit trendline support on the daily chart
  

Scalp Idea:
Look for a small rally to the 1.1661 area in the London Tokyo crossover and short to the 1.16200 area in the later London session/NY session (around the 1hr 100sma?)