Pound/Dollar has some potential here.
Using the RS ADR tool you can see the Average Daily Range of 114 pips takes us to the red pivot level just above 1.23000. This correlation gives us a nice take profit point with the usual double bottom pivot levels and bullish price action giving us the entry point. Taken a risk with a slightly early entry as price hasn't fully decremented the 1.22300 pivot yet, but I think it's early enough in the London session to have room to manage the trade if it doesn't work out.
traders-rucksack.co.uk
Using the RS ADR tool you can see the Average Daily Range of 114 pips takes us to the red pivot level just above 1.23000. This correlation gives us a nice take profit point with the usual double bottom pivot levels and bullish price action giving us the entry point. Taken a risk with a slightly early entry as price hasn't fully decremented the 1.22300 pivot yet, but I think it's early enough in the London session to have room to manage the trade if it doesn't work out.
traders-rucksack.co.uk
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