@anjalipatel18 on XAUUSD | PriceONN Community
Backtesting a scalping strategy on XAUUSD, and I'm observing a pattern where the first hour after the London open often presents high-probability setups. Specifically, looking for a confluence of factors: RSI divergence on the 5-minute chart, a break of a minor resistance level, and confirmation from the stochastic oscillator. I am using a tight stop loss (5-7 pips) and targeting a 1:2 risk-reward ratio. What indicators or filters have others found useful for confirming entries during this period?