The Swedish Krona you ask! This pair is a heavily traded exotic, and setting up nicely for a long "scalp" .
1. MACD Divergence,
2. RSI Oversold
3.4Hour engulfing candle
4. Did run up after that engulfing candle but has pulled back to give us a better entry.
5. So close to support, I obviously like to see it even closer....but.
1% Risk 1.5:1RR -Happy Trading!
1. MACD Divergence,
2. RSI Oversold
3.4Hour engulfing candle
4. Did run up after that engulfing candle but has pulled back to give us a better entry.
5. So close to support, I obviously like to see it even closer....but.
1% Risk 1.5:1RR -Happy Trading!
Trade closed manually:
I took a small amount of profit out of this one, I closed before I went to bed as there was USD news coming out in the morning, Might take another long?
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.