Forex Scalp Trading Analysis 4-5-2016

Hello Traders,

Last night we traded the AUDUSD RBA and had a great trade! Today movement was much slower, however I think we may be setting up for a slight rebound on the USDJPY. We hit major key support at the 110.00 area. What I like is not only did we hit support, but we cleared some stops below this support. This looks more like a professional job than many think. We will see what happens on this trade. I have an immediate upside level at 110.65 and if we clear this we will see 111.00. I will try and post some charts and videos this weeks for everyone. Have a great trading week!

Regards,

Gerard