This bearish bat pattern could possibly form in the next day. Coupled with the pattern is bearish divergence on the RSI, which has already ventured into overbought territory, so hopefully does again once the bat forms.
LONG USD SEK ON GARTLEY AT STRONG SUPPORT, WEDGE BOTTOM SUPPORT, RSI OVERSOLD
The ECB news resulted in a large drop in this pair, which resulted in the formation of a cypher pattern. I hope for a relief rally that will bring the pair into my target.
USDSEK should be completing the final leg of the triangle which is a triangle also.
Candles being printed above the wedge to the upside; previously fake-out so a stop at break even will be necessary.
Despite the negative rates like JPY, SEK continue to gain. USD is likely to enter deeper correction and this is short with good RR
USDSEK in a good position for longs to attack 8.8000 again and this time keeping in mind Riksbank possible intervention to break it.
USDSEK in correction 4thwave as contracting triangle. Expect price to go first 8.20000 to finish wave (e). expceting 5hth move up from there; as it is daily, it can still taken another 2-3 months tro reach (e);
If we got a hike, this baby may go up up up. As it's seems to be like an inverted head & shoulder pattern.... buy @ market.... tp @ 8.7000 sl @ 8.4000
Friends, This pair was been quite responsive to the Predictive/Forecasting Model on both large and smaller scale - Although, this there has been only two prior predictive analysis and forecasting - Following are two of these forecasts: $USDSEK - Short-Term Target ... Hit. bit.ly $USDSEK - Mid-Term Target ... Hit. bit.ly FORECASTING THE HOURLY FRAME: This...
This is an interesting portfolio. Will these pairs follow USDCNH's lead? Is this the beginning of a new fundamentally backed intermediate term trend? Or just a very nice short term short? Setups on chart, we will cover these in our skype group's discussions. If you want live updates and more information, make sure to contact me via pm or skype. I provide signals...
Friends, $SEK is expected to weaken in this pair, where an Elliott Wave carved out an outline of its Contracting Triangle through a series of 3-3-3 internal formations with more (leading triangle) or less (simple zig-zag) complexities. This analysis replaces a recent one, as the Geo lost its geometric validation - However, the foreground...