Market open trade wit ha a horizontal zone rejection on the 15m

2020-01-20 13:50:31

We are seeing a beautiful opportunity here for a long position scalp on GBP/USD on the 15m.

The price has reached a horizontal support level, and at the same time just printed a hammer that went into the support zone and came out very strongly with a trend rejection pattern. With a risk reward ratio of 3.7, this is a very safe and nice trade to start our forex trading week.

Happy trading!