( +50 , +40) week41 EURSEK H4R Big Move 1234 WR

w1

week charts show the high of 2013 n 2013 being flushed. A trend continuation might be in place after this flush.

week41 EURSEK w1 WR 2 x 52 weeks high 061014

D1

from D1 chart, a big move below 13 weeks low can be seen and this is registered with a bearish expansion week. Also denoted will be several d1 line chart which acts as a SnR that traps a multi 1234.

week41 EURSEK D1 Big move over 13 weeks 061014

h1

a multi day 1234 can be seen but more importantly the context of it is that this bear flag is stuck within the zone of the d1 SAR line chart. A decisive day close below the Support will also mean the breakage of a large D1 13TL.

Hence I consider this trade to be in line with momentum but attempting a trend reversal as of now.

week41 EURSEK h1 1234 multi day bull trap 061014

Tracking with tradingview

https://www.tradingview.com/v/4EHgwzjm/

Edited 191014

Did well for this trade.
traded the trade setup, and exited before price reversed completely.

week42 EURSEK h1 divergence hns trade outcome 141014

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