Some simple buy low, sell high strategies would have worked wonders for scalping yesterday.

Daily Outlook: All that bouncing up and down has giving us a bearish looking doji on the daily GMT charts. I see this more as confirmation that 1.31 will be a good area to short in rather than a signal to go short right at the moment. That being said I do have a single lot short open from the 3015 area to challenge 2915.


Don't forget to check the forex calendar to avoid event risk and to check candlestick alerts for good intraday trading opportunities.

Trading Idea: 1.2950 is today's key level - I am bullish above and bearish below. Primary trade will be long near 1.2950 support with targets at 1.2975, 1.30, 1.3030 and 1.3060 for110 pips profit.

An aggressive short would be to sell on a sustained break below 1.2950 on the 4h charts, with targets down to 1.2915 and 1.2815 for 135 pips profit.

Happy pipping!

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Source: Forex Signals - EUR/USD Doji on Daily Charts
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