BULLISH USDSEK: Triggers a Buy signal on 30M chart.
Good morning traders,
Following a lower plunge during the EU session early this morning. with the pair lost nearly 86 pip, The USDSEK pair continue's to move up in a strong BULLISH trend as it did for past - days.
On the other hand, USDSEK is holding well above the long term 200 days simple moving average (that's why we don’t recommend any short trades on the USDSEK for the coming days). The 50 and the 20 days simple moving averages are also confirming continuation of the well establish BULLISH trend.
CONCLUSION: As per above general BULLISH trend, Only Long trades to be considered following completion of any counter trend falling correction on the 30-minute chart. (Note: This conclusion is only valid as long as price is holding above the 200 periods simple moving average (red dotted line) on the 30-M chart ). For the final Long entry signal please watch for the coming vertical Key Time Reversal Zone (KTRZ) on the 30M chart.
(c) This pair review has been published by TFF (TM) Forex Scanner Analysis team trendfollowingformula.com on Monday 2016.07.25 11:31:03 (GMT).
Following a lower plunge during the EU session early this morning. with the pair lost nearly 86 pip, The USDSEK pair continue's to move up in a strong BULLISH trend as it did for past - days.
On the other hand, USDSEK is holding well above the long term 200 days simple moving average (that's why we don’t recommend any short trades on the USDSEK for the coming days). The 50 and the 20 days simple moving averages are also confirming continuation of the well establish BULLISH trend.
CONCLUSION: As per above general BULLISH trend, Only Long trades to be considered following completion of any counter trend falling correction on the 30-minute chart. (Note: This conclusion is only valid as long as price is holding above the 200 periods simple moving average (red dotted line) on the 30-M chart ). For the final Long entry signal please watch for the coming vertical Key Time Reversal Zone (KTRZ) on the 30M chart.
(c) This pair review has been published by TFF (TM) Forex Scanner Analysis team trendfollowingformula.com on Monday 2016.07.25 11:31:03 (GMT).
Trade closed: stop reached