Hey guys its your girl forex potatoe with another daily Forex analysis for GBPSEK.
I trade any pair as long as the price action is textbook great to trade. Here is my analysis for GBPSEK i have actually been following this pair for some time as well.
I just noticed i like to take reversal trades anyway lets get to business.
This is a textbook break and retest strategy, as you can see with GBPSEK there was a head and shoulder reversal pattern and now price retraced to test the resistance as well as the trendline which makes it a strong signal to sell.
I will enter this trade after a bearish engulfing candlestick as been formed but you can enter right here if you like to enter from the beginning or wait for more entry confirmations if you wish.
Kindly leave a follow and boost if you like my ideas and leave a comment as i try to post weekly depending on the market conditions .Gracias!
I trade any pair as long as the price action is textbook great to trade. Here is my analysis for GBPSEK i have actually been following this pair for some time as well.
I just noticed i like to take reversal trades anyway lets get to business.
This is a textbook break and retest strategy, as you can see with GBPSEK there was a head and shoulder reversal pattern and now price retraced to test the resistance as well as the trendline which makes it a strong signal to sell.
I will enter this trade after a bearish engulfing candlestick as been formed but you can enter right here if you like to enter from the beginning or wait for more entry confirmations if you wish.
Kindly leave a follow and boost if you like my ideas and leave a comment as i try to post weekly depending on the market conditions .Gracias!