This is basically the same chart as Dcb has posted above, but with the "other" S& R lines - the 100s and the Daily Pivots.
Three bounces off the 500 & MS1 level gave a buy signal - I was still in bed, but caught it after the start of European trading. A straight 100 pips up to the confluence of the 600, 50% retrace and MR1 made a clear target.
Now I'm flat, awaiting the BOE announcement - its safer that way!
Three bounces off the 500 & MS1 level gave a buy signal - I was still in bed, but caught it after the start of European trading. A straight 100 pips up to the confluence of the 600, 50% retrace and MR1 made a clear target.
Now I'm flat, awaiting the BOE announcement - its safer that way!
Trading Levels with WRBs