GBPSEK trade ideas
GBPSEK LONG 11/08/20Definitely it is time to look for upside. There is very nice setup on 1/4h but also as always there is some possibility for one more down to form a double bottom . On the other hand it looks like the move to the upside has already started and it could be huge. Therefore I define a position size which I will still feel comfortable to trade without stop loss and I open a position with that size every time I see confirmation of strength. The last position I keep without stop loss. Doing so I can open bigger position than I normally would and I risk less.
GBPSEK SHORTMontly formed a wick wich should be filled in.
Weekly impuls followed by retracement and started the new impul.
Daily impuls, retracement, new impuls.
4h counter trendline broke to the downside AND retested.
GBPSEK 15 RISK REWARD RATIOHello Traders,
I hope you will be doing great. Here is the best chance to buy GBPSEK, We are at very low risk and very high reward.
Best of luck
GBPSEK - LONGS around 11.32650 (speculative) GBPSEK is trending hard to the downside, however as per the chart, price is approaching a very strong weekly Support line.
While I accept this is a low probability trade (likely get stopped out as im not willing to sustain massive losses), the Risk/Reward ratio is significant enough to warrant a little speculation.
The ideal set up is;
Entry; 11.32650
SL; 11.28000
TP1; 11.59650
TP2; 11.63500
TP3; 11.69600
TP; Free (maybe 12.15)
GBPSEK Long / Buy - Double BottomReasons 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: 11.54250
TP2: 11.65475
Please check against your own analysis BEFORE taking this trade and make sure you are happy to enter.
Open to any critique or advice :)
GBPSEK short every chance u haveHey 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.
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Double topTrade 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.
$GBPSEK #GBPSEK [Weekly] Is it Done?!SAXO:GBPSEK Is reacting from the 200 MA and a channel wedge to the upside.
Follow for more setups.
#AHMEDMESBAH
Scale in for this trade...Add another 1/2 position if it decided to break the low. Either way, the upside is very favorable.
