IvanLabrie

EURSEK: Bound to confirm a bullish signal here

Long
IvanLabrie Updated   
FX:EURSEK   Euro / Swedish Krona
$EURSEK 4H chart fired an uptrend 1 bar ago, the target is where the daily would trigger a Range Expansion bar today, which would in turn trigger a larger 12 day trend, if not, tomorrow's close is likely to confirm the same trend but with a higher low, above the daily mode level, where most of the accumulation took place. The trend target is the yellow box upper border, time to reach the target is the end of the box to the right. Should hit that level in time, or sooner than expected, as long as holding above the mode box (horizontal barrier below today's low roughly).

I'm working on an automated trading strategy to apply Time@Mode rules to FX and CFDs using MT4. Current testing results are good, I have a working prototype, polishing the code to have it ready to trade with full size. Once this EA is good to go I will start a PAMM account using this strategy to trade all main 1h and 4h trends in FX pairs that have fundamental and technical trends in the intermediate to long term, but from a short term perspective.

Best of luck,

Ivan Labrie.
Comment:
Order cancelled:
4H failed to hit the target, daily signal never triggered since price fell instead of rising (Rainbow, Dio era reference).
Anyways, trade cancelled for now. No loss nor profit, not filled.

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