The pair is poking the upper vortex and I see in other pairs that dollar is getting strong and the stock market may drop sharply. I don't know if is going to break up this time but if is rejected is highly probably that is going try again and before another attempt I would open another long position.
USDSEK is trying to confirm a Right Shoulder of a Bearish Head and Shoudlers Pattern at the PCZ of a Harmonic Bearish AB=CD. If it is able to goback down from here and break through the neckline then we could see action similar to what we saw on the EURHUF.
I usually take half off every trade, but something tells me this thing is going down hard! So I'm planning on holding this mega short all the way in full until target. Entry @10.25471
This ticker is hovering under the ropes getting ready for a strong potential sneak drop. These sneak drops are good to catch because once you are in you can rest easy and goto bed.
Simply because the move is almost guaranteed to be steady for hours in the direction. This happens because the candle wants to create the pattern it creates a solid black or white...
We've recently seen USDSEK consolidate in a descending triangle after a sharp drop from 10.55 highs.
Sellers have been gaining traction as seen from the lower highs each time buyers have bought the 10.23 support.
Market has now broken below 10.23 support and if we get a rounded retest we could see sellers fully dominate and the descending triangle pattern plays...
With the global economy showing more resilience and the Fed slowing its pace of tightening, we believe EM currencies can outperform relative to G10 peer currencies this year. Attractive real yields should result in market participants accumulating exposure to developing currencies, while our assumption for contained banking sector stresses should lead to improved...
So, have you been keeping an eye on the USD/SEK pair lately? It's been pretty interesting to watch. Even though the FOMC meeting had an impact on the pair, it didn't completely break down. In fact, there's a buy signal on the daily Stochastic, which suggests that the pair could be turning bullish.
What's even more exciting is that the USD/SEK pair is currently...
* USDEK trade between Support & resistance
USDSEK chart i searched & i got total 3 Support & 3 Resistance price
on the chart if USDSEK go up trend site
my trade plane is Buy stop order
Entry point :- 10.76414
Stop lose :- 10.65767
Target 1 :- 10.87061
Target 2 :- 10.97708
Risk 2% 216USD
Capital :- 10800USD
if USDSEK go down trend site my trade plan is
Sell...
This week New was the beginning of the great volume I've missed seeing in a while trading USDSEK in 2023 Currency markets.
The last three trading days have been Short trades during London session and U.S. session conversion which led to three consecutive trading days shorting during this time.
Instock traders :Jrow in this scenario have put himself in great...
