Hello Traders,
Here we have a nice short set up for USDSEK. I'd look for a short in the vicinity of the red box which would give us 5'. Regardless of 5' hitting or not my target is still set on 8.11510 because there is such little difference between point 1 and 4.
Pay attention to the formation in the RSI, notice how a similar structure is formed.
Rule: Geo's Off-Set Rule tells us the highest probability target once point 5' is created is point 4.
Best,
Chartistry
Here we have a nice short set up for USDSEK. I'd look for a short in the vicinity of the red box which would give us 5'. Regardless of 5' hitting or not my target is still set on 8.11510 because there is such little difference between point 1 and 4.
Pay attention to the formation in the RSI, notice how a similar structure is formed.
Rule: Geo's Off-Set Rule tells us the highest probability target once point 5' is created is point 4.
Best,
Chartistry
Note
Target Reached.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.