High ROI Scalp Trade AUD/USD

When nothing much is happening on the daily charts there are still some good trades to be had on the hourly charts.  See below.

audusd1

 

audusd2

 

Due to the daily support line running through the middle the trade was moved to break even early and luckily the pull back did not take it out.

The choice on this trade was to exit at the previous high area for a 1-3 ROI to exit during the same day or hold on until the other side of the channel was reached the following day for a 1-6 ROI.  After seeing the large upwards parabolic style candles after the pull back this encouraged me to hold to the other side of the hourly channel.

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