Thursday's hammer at a key support level was confirmed on Friday by the upward move and the test of the previous support.
It does need to close above this 68/69p level to make me feel more comfortable that further gains should follow though so I've still got my stops just below the hammer low of 63p as it could just have been backtesting the breakdown on Friday.
It does need to close above this 68/69p level to make me feel more comfortable that further gains should follow though so I've still got my stops just below the hammer low of 63p as it could just have been backtesting the breakdown on Friday.