GBPSEK Long / Buy - Double Bottom

FOREXCOM:GBPSEK   British Pound / Swedish Krona
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: 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 :)


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out