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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
Trade is a break and re test trade on a H1 chart. Entry on this pair was a Double top on 15 min. There is also Rsi div as extra counfluence.
SAXO:GBPSEK Is reacting from the 200 MA and a channel wedge to the upside. Follow for more setups. #AHMEDMESBAH
Add another 1/2 position if it decided to break the low. Either way, the upside is very favorable.