EURUSD - Quick Long Scalp on 1H

6 Jan 2022

It seems after yesterday's breakthrough through a bullish trendline on the 1H timeframe(which I made a nice profit from) it's only now making a new higher low on the 1H bouncing off a key level in the middle there.
Forming a nice small triangle, I like trading triangles fast, this does seem like a nice small bullish triangle so the breakout will be very fast.

I am aiming to get in the LONG trade after that trendline break there and get out as fast as I can before the price goes south for a nice small profit.

6 Jan 2022

Catatan

I'm not sure if it's gonna break through that trendline just yet, looks like the other USD pairs are all going down at this stage. Will just keep an eye on this first before doing any trade.

6 Jan 2022

Catatan

Placed my trade at 11am, making a nice profit so far :)

6 Jan 2022

Catatan

I closed this trade in a small profit around 4pm at 1.13290 luckily the price went up again after that dip lol.

8 Jan 2022

Catatan

I see the price went back up further after breaking a new trendline. That was a very nice movement right there. Anyway, this is the last update of this Idea. Overall good idea and movement as I predicted.