USDSEK- Long Opportunity To Top Of Range
USDSEK has been bullish for a while. Been in and out of USDSEK more times than I can remember
Risk reward for this trade is over 8. (I never make a trade with a 3 R/R and under. But most my trades average over 5.
If you look back to my previous idea on this pair (Posted 19 days ago) I did buy the last pullback and i did hit target successfully, now i've waited for this pullback to get in long again, looking to hit channel top again.
Not really a lot to say, as the chart explains the majority of it.
1. We have a morning star signal on a channel bottom, and a structure retest area
2. 61.8 Fibonacci retrace of previous impulse leg before buying began again, again coinciding with channel bottom.
3. The trend is in a good bullish condition, and doesn't look tired yet. So I'm happy to buy into the direction of the wind. So to speak.
Thanks,
Tom
Risk reward for this trade is over 8. (I never make a trade with a 3 R/R and under. But most my trades average over 5.
If you look back to my previous idea on this pair (Posted 19 days ago) I did buy the last pullback and i did hit target successfully, now i've waited for this pullback to get in long again, looking to hit channel top again.
Not really a lot to say, as the chart explains the majority of it.
1. We have a morning star signal on a channel bottom, and a structure retest area
2. 61.8 Fibonacci retrace of previous impulse leg before buying began again, again coinciding with channel bottom.
3. The trend is in a good bullish condition, and doesn't look tired yet. So I'm happy to buy into the direction of the wind. So to speak.
Thanks,
Tom
