Forex Scalping Strategies | 2016-06-14 USDJPY +6

Forex Scalping Strategies | 2016-06-14 USDJPY +6

USDJPY +6 2016-06-14 | 15 min Inside Bounce

This USDJPY short is a 15min inside bounce trade. With an inside bounce trade we look to take the trade from the second box L2 back to the first box L1 with the L3 usually being the stop but in this case it was too far away so a small stop was placed above. This trade is taken on the retracement to the L2 after the move down on the 15 min time frame.
You can find more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here

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