Hi everybody! today we gonna procede to a quick scalp on GBPUSD
First thing we can notice is that the psychological level of 1.38000 resisting well.
the price already bounced on it 3 times meaning the bears are losing strength.
So buying is interesting since it could be the beginning of a strong leg up
breaking above EMAS and alowing them
to cross bullish therefore confirming the movement.
the bullish engulfing serve as a nice entry setup
with tight SL
let's go!
exceptionally ill reduce my risk per trade for this one. rather than 2% im gonna put 0.5% since this is a scalp and usually i day trade using h1/h4/D charts.