USDSEK LONG - W-pattern
Hi 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!
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!
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