GBP 0.00% 0.7848 british pound sterling

bullish up to 1.6040-1.6100 range?

  1. 447 Posts.
    Just thought I should share my simple 100 pip trade for the last three hours.

    Hopefully my chart is more visible this time around.

    First the move started with a rejection off the low (blue line) and rallied to the resistance. I had a small position from above the pivot(red line) up to the resistance line.

    After that, the market tested the resistance line after initially breaking. I took a long position with stop loss at the red line and set an initial target of 1.6000 which has since then closed out.

    I am sure a lot of the swing traders would have picked this one out.

    Happy trading all!
 
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