USD/SEK seems to have formed a double bottom pattern and is now moving higher towards well defined resistance zones. Shorter term it has formed a small double top which could see prices move down to support and clear out some stops before climbing higher. It may simply push higher and breakout from here though as well. OANDA:USDSEK
Quite likely. We are in a general bearish pattern on this one, now in respite. The latest set of waves do not for a 5 wave impulse in my opinion. It just doesn't have the look, let alone fulfill the extension rules of EWT. It is more in line with "double two" that Mr Elliott described so many years ago. I am willing to put a number of fibgoals, more based on the...
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USDSEK Long You can set a longer stop loss. I would love to hear your feedback do you think the trade will complete in profit or will the stop loss get hit!? This is not financial advise, trade at own risk.
Lower Highs are pushing into trend line support. Wait for confirming price action signal like a pin bar for an entry. Lower Highs are present on the Daily, Weekly Chart, and H4 Chart. EMA 10 EMA 20 are pointing downwards on the time frames mentioned.
Hi Traders, This is my view on this cross for the next few days. #USDSEK Waiting for the price to break 8.6, which is a very important MONTHLY resistance. As it will become support we can go long on the retest BUY 8.6 SL 8.426 TP 8.94 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated...
Pullback done to the trend line and Price chart reacted. We anticipate that we will have price increases for goals one and two.
Went perfectly no drawdown Entry levels Ignore the horizontal lines Looking long right now
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
this pair has breaked the dynamic resistance in 4h time frame and now ready to rise and form an small pullback as shown in the chart after that confirmation hunters can go for buy high leverage or high lot get those pips or watch them go . . .
The US Dollar has been getting culled. The downtrend is apparent. We were watching the weekly support way back at the 94.75-95.00 zone. Penetrated right through it. Notice too how price came back to retest this zone before continuing lower. 92.00 was the MAJOR KEY support for the US Dollar. Not only was it a major support zone (price floor) but it is where the...
The trend collides with the moving average and falls ema50 high
📌 SEK for the Yearly Close In general the following flows are working flawlessly, sellers have recaptured the control and are bringing about a lot of pressure on the main macro targets issued at the beginning of 2020. One indication of the weakness is clearly the USD devaluation, and is represented by the attacking side rushing to SEK. Introducing...