Price action today offers a clear view of how to use pivot points as support and resistance. EUR/USD move stopped for a little while at daily pivot and S1 before resuming. Chart included.
Closed one lot at +22 pips. The other lot, move stop to +10. Let it run for a while. Sorry for a typo. Text on the image should read "Double Top and Divergence". Update: Second lot got stopped out for 10-pip profit.
Trade has been good so far. Closed 1 lot at +30 pips. For the other lot, I moved my stop loss to +10 pips to lock in some profit. Chart included below. Happy trading. Update: Closed the second lot at +18 pips.