British Pound Sterling Setup Long
The Pound looks like it could move higher off the current Super Pivot Stack support.
What makes this convincing is it appears to be a key reversal off the Hammer candle with the rally through all pivots, particularly the Monthly Pivot.
Go long, only on strength, if the price breaks out at 1.28020 and place a stop loss at 1.26140 and a profit target at 1.31610
What makes this convincing is it appears to be a key reversal off the Hammer candle with the rally through all pivots, particularly the Monthly Pivot.
Go long, only on strength, if the price breaks out at 1.28020 and place a stop loss at 1.26140 and a profit target at 1.31610
Comment:
I can now trail the stop loss to underneath the 6 Day Rolling Pivot Range low (green/yellow circles)
Comment:
Further trailing the stop loss up to underneath the 6 Day RPR. Price is nearing profit target.
Trade closed: target reached