Pivot points

[ukfitness]

I am quite a novice but please let me know what you think of my strategy. I know it's easy to see now with hindsight but after the EUR/USD had broken the support line from March, it hit the R2 pivot point at 14,889 on the 7th and bounced off forming a lovely reversal signal/entry point at 14,846 below the topping tail candle on the hour chart, target 14,700. The pair started below the pivot point on the 8th so a good reason to stay in the trade, it hung around S1 for an hour and then hit 14,700 and then S2 at 14,685 which was a good point to take profits (potentially around 160 pips).
The pair have started today again below the pivot so is weak and now rallying after finding support at 14,700 (double zero support). Once the pair gives a good short entry signal, i.e. bouce off pivot or R1 or R2 the next targets are S1 and S2 and then 14,500.


Any feedback is welcome.

[ukfitness]

Chart

[ukfitness]

On both the 11th and 12th, the price started above the Pivot point (so looking for long positions) and then retraced back to it. The bounce at both the Pivot and the rising trend line (support) on both days offers double confirmation for the long trades.