Buy the retracement
Updated
Pound plummets - scalpers dream of 122 pips.
My thinking - 50 EMA has not crossed 150 EMA - engulfing bearish candle due to no positive news from the UK.
I have a long position in to pick up the retracement to the previous support to the now resistance zone @ 1.21878.
Personally I can see price bouncing from support to resistance before making the next big directional move.
Sell @ 1.21878
Buy @ 1.20206
My thinking - 50 EMA has not crossed 150 EMA - engulfing bearish candle due to no positive news from the UK.
I have a long position in to pick up the retracement to the previous support to the now resistance zone @ 1.21878.
Personally I can see price bouncing from support to resistance before making the next big directional move.
Sell @ 1.21878
Buy @ 1.20206
Trade closed manually
Trade closed ... 79 Pips will do for today
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