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Exotic

USDSEK LONG - W-patternHi moneymakers, Allright, so an exotic pair.. lots of movement on this pair most of the weeks, so lets fasten the seatbelt. Ok, so we have a lot of rejections on the daily wich is giving us the information that the bears seem to be failing to push lower. And what happens when the bears fail, YES, the bulls come in, wich is also in line with the chart pattern at this point. IF we go up, IF, than we will form the W-pattern and the risk/reward is amazing + we will have another trading oppurtunity towards the neckline. So, keep a very, VERY close eye on the price action thats happening on this pair to catch the waves! Cya on the update!
Long
by FXT_TL
Daily watchlist candidate for SEKEUR:shortHello world, and another watchlist candidate for this week. Theory: Reversal at weekly resistance line. What we have: - overbought RSI - MACD signaling trend change - long term trend: SHORT - wykoff expansion phase (long term) - multiple rejections at weekly resistance line (red) What I am waiting for: - price action at resistance line - smaller candles indicating momentum loss - break of shortER term trend line (green) Happy for any feedback. All the best, c4ss10p314
Short
by c4ss10p314
USDCZK Exotic Setup!Analysis -USDCZK looking bullish after showing signs of reversal. Sellers pushed price down into support but buyers brought it back up above support before the daily candle close. -The price action resulted in a daily pinbar setup AT SUPPORT which is a bullish sign. -On the 1H time frame, price just broke a bearish trendline or the neckline of a head and shoulders to the upside. -We're in a rising channel and price just made a strong impulse move from the bottom of the channel -The reward/risk is good for the setup (given the distance between daily S/R levels) Entry, Stops and Targets -Long Entry: 22.904 (Enter long after price pulls back, never chase a trade) -Stop Loss: 22.7508(Set stop below the daily reversal candle) -Take Profit: 23.2098 (Set target at a minimum of 2 times your stop depending on entry) = 2R *Trade Safe and at your own discretion!*
Long
by Mankz
USDMXN: Is There Someone Who Knows The Value ?Hey everyone! I hope it was a great sunny weekend for everyone of you guys. Here in Germany it was beautiful, like this setup we are looking at. Found it during my weekend trading routine. USDMXN looks super clean from now as there was bullish momentum during the last week. Forming a peak high formation now with a divergence on the RSI could indicate another bearish momentum as before. The 0.786 fibonacci level, which is not that strong by the way, was also not broken strong. This will be the first trade of next week i think. Sad It is so exotic, because i do not even know how to count the pip value of this pair haha. If you know please let me know in the comment section. See you guys next time hopefully with another video analysis from my side!
Short
by darian_fx