USDSEK (1H) - short term bullish bias
The US dollar started the week with a lead in continuation of Friday's momentum. The bullish RSI divergence at the November low of 9.5450 was the first hint that selling pressures were easing off and the price could start to turn around. The break above the moving averages and the bullish MA cross came as further...
USDSEK (1H) - short term bearish bias
Last Wednesday's rebound turned out to be false hope for those who tried to buy the dip. The pair came under pressure at the 30-day moving average and could not sustain the lift. As the greenback sank below the major support of 9.6060 it became clear that sellers were still holding the reins. This morning's bearish impulse...
Last post: May 31st 2018. See chart.
Review: Price was struggling to break through the round number 9.0000.
Update: The bulls are firmly in control. Price is now trading above the ATH and showing signs of strength towards 10.0000.
Conclusion: Standing aside until a clear trend direction has been confirmed above the ATH. Patience for now.
Any comments or...
Price has tested the downwards channel multiple times then broke to the upside where it has hit our price zone. price should reverse
TP 1 - 9.27954
TP 2 - 9.21655
TP 3 - 9.13943
SL - 9.34018
have a great day guys, please use correct risk management
Right guys , I have been on the roll with this move , and it nearly toke 2months ahaha . but as you can see price has broke out from the range with a bullish momentum. So my next trade is to short this when it get the previous high , I know many might be skeptical of waiting till it get to the previous high / if it get there and make a new high . well i don't see...