Price is forming a descending channel ; Price possibly is forming a descending channel within the descending channel towards support. Its possible price can breakout and go to 8.70250 if price breaks that resistance its possible price can head to 8.94500 and if price breaks that its possible price can head to 9.14500.
I am looking at a retrace on what appears to be a sub Wave C. Fibonacci goals inplace on this temporary move, whether a ?x/?B wave. Will be looking for new drop entry points post this. Not financial advice.
USDSEK has 2 bullish harmonic patterns after hitting the daily demand zone. I'll be willing to wait for a reversal sign after it hit the 8.7150 spot to long. Let's see how it goes yo!
If the price will fall to the level rapidly we should open scalp Buy. But if it will approach slowly don't trade buy, it will become sell possibly. We should get confirmation before. The potential profit will be 3 times bigger than the risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments...
USDSEK had hit the weekly demand zone. Here we got this 4hr demand zone, I'll be willing to take the pullback long. Let's see how it goes yo!
Hello everyone USDSEK broke the downtrend channel Retested the broken trend now heading higher now USDSEK started a uptrend channel watch price action inside this uptrend channel and price action for more confirmation trade with care :) any question feel free to ask :)
JUST MARVEL AT WHAT THE MKT DRAWS SOMETIMES. LOOKS LIKE A STAR CONSTELLATION OR SMTH But yeah, the pair will probably move the way I've drawn it too, so watch out for longz _______________________________________ LIKE for the pretty pic, SUBSCRIBE for more COOL stuff
Main items we can see on the chart: a) The price has been on a bearish trend since MARCH 2020 b) Currently, the price is below a previous Support zone now working as a resistance c) The main style of the strategy we are showing here is looking for previous situations at the same level and use them as models for possible resolutions on the current...
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.
sell on the confirmation
Do you guys care to trade something bit more “exotic”? I am personally not much into day trading such pairs as USD/SEK because of big spreads and worse liquidity. But with swing trading and long-term investing it is a whole different story. The reason is that with longer-term trades spreads don’t play such an important role. The same goes for liquidity. So,...
USDNOK has been one of my favourite Dollar pairs I have kept tabs on ever since the DXY was showing signs of a reversal. This market structure analysis can be used for ANY MARKET since ALL MARKETS move the same three ways. USDNOK was in a long downtrend with multiple lower highs and lower lows. Price then began to base/range/consolidate. This was a sign that the...
Main items we can see on the chart: a) The price is below a support/resistance zone b) We can see a similar corrective structure as the one that happened in the past c) The next support zone is at 8.00 d) If the price breaks below the current structure, we expect a bearish movement towards the mentioned zone
Hello everyone, here is the top-down analysis for USDSEK, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
The pair will fail to break out from a downtrend channel resistance line, sending the pair lower in the following days. Sweden will be publishing its second-quarter GDP report today, August 28. Expectations for the April to June report is an economic decline of 8.6%. The country’s herd immunity program was meant to prevent its economy from collapsing. However,...