robertofiorentino9
Long

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 :)

Comments

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