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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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.