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GBPSEK

GBPSEK Short SignalHey guys its your girl forex potatoe with another daily Forex analysis for GBPSEK. I trade any pair as long as the price action is textbook great to trade. Here is my analysis for GBPSEK i have actually been following this pair for some time as well. I just noticed i like to take reversal trades anyway lets get to business. This is a textbook break and retest strategy, as you can see with GBPSEK there was a head and shoulder reversal pattern and now price retraced to test the resistance as well as the trendline which makes it a strong signal to sell. I will enter this trade after a bearish engulfing candlestick as been formed but you can enter right here if you like to enter from the beginning or wait for more entry confirmations if you wish. Kindly leave a follow and boost if you like my ideas and leave a comment as i try to post weekly depending on the market conditions .Gracias!
Short
by ForexPotatoe
2
Where is the profit potential for GBP/USD? GBP/USD: The daily chart is sideways with a weak bullish bias, but the 4-hour chart is suppressed at the upper boundary, so the cycles are not resonating and the amplitude cannot emerge. Therefore, this low-frequency market appears. Regardless of how it operates, traders should take advantage of the fact that the daily chart temporarily does not support a sharp decline and the 4-hour chart does not support a non-major rise, so range trading should be adopted. The lower limit is locked at 1.1965-40, and the upper limit is locked at 1.2110 resistance. Traders can repeatedly trade within this range. Trading is for profitable purposes, not for venting frustration or simply for the sake of trading. Therefore, traders must understand what stage the price is in and take corresponding actions. Traders are not always bullish or always bearish, but they always adapt to changes in the market. Traders must have their own defense systems to control risk. Risk control and fund management must be present in your trading.
Long
by Ice_and_Fire1
GBPSEK tested the 0.5 FIB 🦐GBPSEK on the 4h chart after the bullish impulse retraced at the 0.5 Fibonacci level. The price created a double bottom over the support and now is testing the resistance area. According to Plancton's strategy if the market will break above we will set a nice long order. ––––– 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.
Long
by InkyGrip
8
GBPSEK on a retracement move 🦐GBPSEK on the 4chart reached the daily descending trendline and for rejected. The price is now retracing and we can expect a test of the 0.5 / 0.618 Fibonacci retracement. According to Plancton's strategy if the price will pèrovide us a sign of inversion we can set a nice order. ––––– 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.
by InkyGrip
4
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 / Buy - Double BottomReasons 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 :)
Long
by robertofiorentino9