During the US
As usual, I am expecting there will be a reversal of price moved during the Asian session. I based my reversal point using fibo retracement and expansion. Refer to the 10 min chart below. At 23:40 GMT the cross bounced from the pivot point (98.94) and the last swing low (98.93) but price spike down at 24:00 GMT (Tokyo Banks session started) with support at fibo expansion of 61.8% from the swing high-low of 99.41-98.93. The spike was also a bounce from the fibo retracement of swing low-high (98.03-March 3rd to 99.47-March 4th). The indicators i.e the blue lag and the RSI(3) was at oversold position ready to shift upward.
My 1 min scalp trade entry is the aqua color triangle. The first trade was a second bounce from the pivot point and closing above today open with the B&S and LCD signal. I exited at 99.25. there is no short position since the trend is strongly upward. Second long entry at the second triangle with LCD and B&S give a buy signal with blue lag moving above 15. Exit at 99.34 when blue lag cross 85 from above. There was a B&S short signal but it did not go along with the LCD signal therefore I ignored it. Entered at the third traingle with and exited at blue lag cross 85 since red lag had cross the 85 10 mins ago, a possibilty of trend reversal.
