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British Pound/Swedish Krone

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GBPSEK trade ideas

GBPSEK on a double bottom 🦐GBPSEK on the 4h chart created a double bottom over a weekly structure. The price after the attempt to break the below got rejected back up. IF the price will break the minor resistance we can set a nice long order according to Plancton strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Leave a comment that is helpful or encouraging. Let's master the markets together Leave a comment that is helpful or encouraging. Let's master the markets together
Long
by InkyGrip
3
GBPSEK bounce on a weekly support 🦐GBOSEK has recently bounced on a weekly support, Market started a retracement move from the daily discending channel in a higher high higher low. Price broke the discending channel and currently breaking the daily resistance. Accroding to Plancton's Strategy we can set a nice long order ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
1
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.
Long
by TradeWithTheLogic