4hr uptrend, 1hr demand entry into daily supply, 5:1 RR.
this looks great in this moment: -61.8% fib already tested -false bo from the descending channel bottom -old lows were also tested -PA tells me it wants to test at least the MAs
having some fun with my new tool in the markets As a seasoned trader with over a decade of experience, you possess a deep understanding of the intricate mechanisms that drive the financial markets. Your expertise lies not just in navigating these complexities, but in simplifying them for others. You're a master at distilling convoluted market trends and jargon...
The USDSEK pair followed our trading plan to perfection last time we made a sell call on it (October 06 2023, see chart below) as it completed the Head and Shoulders pattern and aggressively declined to hit our 10.4500 Target: At the moment the price is ranging within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) being Support and Resistance...
Hi Traders, Are USD.XXX pairs bullish ? This one, USD.SEK is pretty clean and gave two setups to get in a long buy. For now I think it's not finished, and probably a good time to take a trade. Let's be careful tho, this up move we just had can as well be just the begining of a bigger corrective structure, as always there is at least 2 or 3 scenarios to...
Apologies for the confusion. If you tend to use both pending orders and market orders on the 15-minute timeframe, it suggests that you use a combination of strategies depending on the market conditions. Using pending orders allows you to set specific entry and exit levels in advance, which can be useful when you anticipate price movements or want to wait for...
Another pair with some good potential for a longterm currency swap play is the Swedish Krona. I am slowly starting to buy up some of the currency for a potential dip in the pairs pricing for a longer term play. I could always invest the cash on the Stockholm exchange into the sp500 when I am done buying the currency for an even longer term play
going to start building long USDSEK positions with HTF fib confluences
Analyzing the multitimeframe on USDSEK with Pitchfork, I suspected the price action is getting ready for the bullish. But before we take it for granted, wait for the upward breakout then it is highly likely to go up.
In the current market scenario, USD/SEK is approaching pivotal high time frame (HTF) support levels, suggesting a potential area where bullish momentum might find solid ground. With the focus on these support levels, it's worthwhile to shift attention to the low time frame (LTF) for potential bullish setups. What are your thoughts on this potential USD/SEK trade...
In the current market scenario, USD/SEK is approaching pivotal high time frame (HTF) support levels, suggesting a potential area where bullish momentum might find solid ground. With the focus on these support levels, it's worthwhile to shift attention to the low time frame (LTF) for potential bullish setups. What are your thoughts on this potential USD/SEK trade...
might have jumped the gun on UJ and UCHF and was a little early to the bullish DXY party last night.. i got a decent entry on UJ just to get wicked out and then watch it hit targets.. anyway, here is a USDSEK LTF possibility
Caught a slight bounce yesterday in USDSEK on a speculation play however last night we got a legit signal in the usdsek market. Looking for the 618 of this little spike
Possible Bullish completion of Ascending Triangle. Possible breakout through upside of triangle and a Bullish Reversal in larger time frame if price holds above top of triangle
this is why you wait for the DXY to confirm entries.. 25:1? Bet! Jumped the gun on EU and USEK last night trading tired and bored.. this should make up for it 💡 Why Follow? Gain insights into my Fibonacci approach. Track the progress of the 100k funded account. Participate in discussions to enhance our trading knowledge.
USDSEK has met the entry criteria. Looking for a bullish push into HTF fib resistance. 💡 Why Follow? Gain insights into my Fibonacci approach. Track the progress of the 100k funded account. Participate in discussions to enhance our trading knowledge.
VOLUME WARNING! My computer's mic is insane and I don't have any recording equipment so I apologize for the lack of video quality. Hopefully, my insights make up for that. Here is a quick video previewing my trading system and what I will be looking for in the next week of trading. 💡 Why Follow? Gain insights into my Fibonacci approach. Track the progress of...