Entered this risk entry trade at 0.65925 with a 15 pip stop below structure. Confluence Factor - Large Daily double bottom with the second bottom being a descending channel - 3rd touch on the 4HR descending channel with a descending channel - 3rd touch on the 1HR descending channel with a descending channel - 3rd touch on the 15M descending channel with a...
Entered this risk entry trade at 144.794 with a 35 pip stop above the structure. Confluence Factors: - Price is in a corrective phase from an impulse down. - Price has touched the upper trendline for the 3rd time. - Price has approached this 3rd touch with an ascending structure. - Potential evening star has been formed on the 4HR Chart. Target 1 is a the bottom...
Long this pair till we get a 3rd touch on the trend line then short
Has had its 3rd touch on the trendline short till bottom of the arrow
EURSEK is trading at a monthly trendline aswell as a Weekly and has failed to break numerous times
Nice risk reward position for this currency pair. If the price goes below support potential for price to drop below 10