$WLD

For scalping, decisions must be quick and based on short-term signals. Based on the 15-minute chart you provided, here is the analysis:

Current Condition:

The price has dipped slightly after a high spike to 1.1701 — this could be a signal for a short correction.

A red candle has formed, but it has not touched MA(7) = 1.1093 — this means the trend is still strongly upward, but starting to slow down.

Volume has decreased in the last 2 candles — there is potential for a deeper retracement if buying pressure does not continue.

Scalping Strategy (Recommendation):

Option 1: Short

Entry: If the price breaks below 1.1200 with a valid red candle.

Target: Around 1.1090 – 1.1120 (near MA7).

Stop Loss: Above 1.1350 (above the current correction candle).

Option 2: Long

Entry: If the price rebounds from 1.1200 – 1.1250 and a green candle forms with volume.

Target: 1.1500 – 1.1600

Stop Loss: Below 1.1150

Conclusion:

Currently leaning towards short for scalping, but wait for confirmation of a break below 1.1200 to avoid getting caught in a fakeout.