U.S. Dollar / Swedish KronaUpdated USDSEK Wyckoff Accumulation Setup (8 hr time frame)
The downtrend that has been in place since the March 20 high may have concluded, at least temporarily.
the market has moved sideways in a trading range since 31 June
The market is potentially in a back-up move.
Needs to hold > 8.639
the market has moved sideways in a trading range since 31 June
The market is potentially in a back-up move.
Needs to hold > 8.639
Trade active
Got long on the 11 SEP at 8.77 against spring low 8.6Trade active
Holding - Buyers have taken price > 8.8 resistanceStops moved to 8.73
Watch for restest 8.8
IF wide bodied bar close below 8.8 exit - likely to be a false break an the patten is a reversal.
Note
Note
stops at 9.07Trade closed manually
This could have more in it but I have taken profits here and will move onto the next setup.
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