This is a very interesting Chart right now! Look at the weekly and you will see, we are close to the ATL. This fact makes this market very interesting for buyers, as the Aussi is as cheap as possible! So, having in mind where we are, we can now look for some structure to trade. That is what I did. For now, we need a new High, and the correction of this high...
In this pair, we might get an Entry for a long position. As you see, the RR is not the best, so there are different options for you, in case you want to get a better RR: 1. wait for price to fall into the DD, but risk to miss the trade 2. work with multiple orders, with smaller SLs, but risk to miss the move. In this case, with a big area like this, I would...
Now here comes the beauty of the SK-System! We do have a sell Setup here, as we want to see price falling down into the green correction level (TakeProfit of first short Position). If you combine this trade, with my GBPCHF Long idea, you do have a great hedge and therefore minimize your risk! Lets see how all this plays out, at the end of the trade. Best Case:...
The setup is shown in the chart. We do want the market to turn in the first red box. You can look for an entry now, but on a lower timeframe. Use whatever you use to find your entries ;-) In case the market breaks our primary entry here, we do get a second chance, as shown in the Chart. You can work with pending orders here, or simply observer price on a lower...
As we can see, price is moving quite nice. We want to see the EJ drop into the red area, where we could look to buy, all the way to the top! One thing I do not like about this trade, however, we need a weak Yen. And as we all know, in times of war, people like to buy the Yen as SaveHaven. This is the one thing that you have to keep in mind with this trade. So...
As we see, our last buy did not work out. Good thing, markets are handing out new entries every other day ;-) So price broke our entry, and corrected a tiny little bit too much. No problem, as the blue buy area got activated, and from there, the next sequence started. We use the red Target area as TP, as red is still the primary sequence and price could take a...
I've been looking to this chart for a long time now, and we may find a good risk/reward short entry on that currency. On the right ---------------- SEK is now very close to bounce at least on monthly support. On the left -------------- Between EUR/SEK and USD/SEK, I prefer USD/SEK where we can find a good short entry in the following days. *** Short from...