GBPSEK on the 4h chart created a double bottom over a weekly structure. The price after the attempt to break the below got rejected back up. IF the price will break the minor resistance we can set a nice long order according to Plancton strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly...
And has been for quite a while. No evidence of a pivot. Fibgoals in green, invalidation in red. Good luck, this is not financial advice.
Awaiting EUR/US session cross-over for optimal liquidity
GBOSEK has recently bounced on a weekly support, Market started a retracement move from the daily discending channel in a higher high higher low. Price broke the discending channel and currently breaking the daily resistance. Accroding to Plancton's Strategy we can set a nice long order ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please...
Reasons I took this trade: - Double bottom formed on the larger timeframe / Bounce of strong resistance. - Pair is oversold on many timeframes. - Tight stop loss / Good R:R (Risk:Reward Ratio) - Strong BULLISH candle on 1h timeframe ( Piercing Line Pattern & Possible Bullish Hammer ) - MACD crossover Entry : 11.44453 (roughly) Stop Loss: 11.39150 TP1:...
Hey there! Very simple setup explained in the chart, just keep shorting until the pair says otherwise. Simple. If the pair closes above resistance look for better opportunities. If you have any questions please leave them in comments. Did you like the idea?? Give us a thumbs up!! Do you have a different view and analysis? Let us know in the comments. I love to...
Weekly Chart Set Up for LONG GBPSEK
SAXO:GBPSEK Is reacting from the 200 MA and a channel wedge to the upside. Follow for more setups. #AHMEDMESBAH
The GBPSEK global trend is bullish but the local trend is bearish. How do you think? Can the price bounce off the bottom borders of these channels? Thanks for sharing your thoughts under my ideas! I appreciate it! Before to trade my ideas make your own analysis. Thanks for your support!
Given GBP strength I am long this pair.
The pair is trading within a strong long term Channel Up since October 2017 on the 1M (monthly) chart (RSI = 60.289, MACD = 0.143, Highs/Lows = 0.3378). It is currently testing the 12.6000 1W Resistance following a Golden Cross on the 1D chart. This formation has delivered a roughly -4% drop on the past two occurences. Since the RSI topped at 80.000 which is...
Sell limit on this pair . Price currently at support level , I expect a move upward to the marked lines. Last week rejection might be a aggressive entry . However with fundamentals in play we can see price break down without touching our first entry & second . But patient & let price present itself . Many thanks
GBPSEK touch 7 months high
Pattern: 1M Channel Up. Signal: Bullish since it broke the middle of the Channel after a rebound on the Higher Low. Target: 12.6000 (+10.70% rise from the Higher Low).