stockmarketdaytrader

Pound Just Found Support

Long
FX:GBPUSD   British Pound / U.S. Dollar
4
Pound just found support at a pivot point level and should now boost its way up! Daily chart has inverted head and shoulders pattern inside another inverted head and shoulders which price action already breached, 2 strong patterns back to back, it is in a continuation pattern, a very strong one at that! We also have a spinning top on the daily chart, that only means price should shoot up! 4 hour chart candlestick formation supporting a move up!
Comment:
I got out as soon as price hit a pivot point level R2 @ $1.2605 for 30 plus pips profit!

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