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
Note
I can now trail the stop loss to underneath the 6 Day Rolling Pivot Range low (green/yellow circles)Note
Further trailing the stop loss up to underneath the 6 Day RPR. Price is nearing profit target.Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.