📈 Overview from Weekly Time Frame
USDSEK is stalling at a key weekly support zone, showing signs of rejection from the downside. This level has acted as a reliable demand zone in the past.
📊 Daily Chart Explanation
Price has broken the internal bearish structure and is now holding firmly above the 14EMA. Recent candles are showing bullish momentum, indicating buyers are gaining control.
⏱ 4H Chart Explanation
The 4H timeframe confirms the shift — price broke above the weekly support zone and now maintains above the 50EMA. Structure has clearly shifted bullish with higher highs and higher lows forming.
📌 Plan
Bias: Bullish
Entry: On retracement to 4H discounted zone (look for price action confirmation)
Targets: Recent high or 1R
Invalidation: Break back below 4H 50EMA and recent higher low
USDSEK is stalling at a key weekly support zone, showing signs of rejection from the downside. This level has acted as a reliable demand zone in the past.
📊 Daily Chart Explanation
Price has broken the internal bearish structure and is now holding firmly above the 14EMA. Recent candles are showing bullish momentum, indicating buyers are gaining control.
⏱ 4H Chart Explanation
The 4H timeframe confirms the shift — price broke above the weekly support zone and now maintains above the 50EMA. Structure has clearly shifted bullish with higher highs and higher lows forming.
📌 Plan
Bias: Bullish
Entry: On retracement to 4H discounted zone (look for price action confirmation)
Targets: Recent high or 1R
Invalidation: Break back below 4H 50EMA and recent higher low
Note
I missed the initial entry. Let see if my limit get trigger.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.