USDSEK has traced a sharp decline, correcting the recent breakout. Now it appears to have bottomed against a low volume support level, so we can start to go long here. You can buy gradually over 5 days, or risk buying when price breaks above a previous day high, with stop at the lowest low here.
If we happen to break down and move past 8.5479, I would be tempted to assume that the long term dollar uptrend is failing, and we can expect a massive selloff in the dollar accross the board.
Good luck,
Ivan Labrie.
If we happen to break down and move past 8.5479, I would be tempted to assume that the long term dollar uptrend is failing, and we can expect a massive selloff in the dollar accross the board.
Good luck,
Ivan Labrie.
Note
Good confirmation of a bottom so far.Note
Despite the up and down action, it's still holding. I like EURSEK a bit more than this now but both should be bottoming here I think.Note
Looks perfect...crossing fingers.
Note
9,22 should be hit soon. Let it cruise.Note
Nothing to do here, hold.Note
4h traders are in control of the trend currently. Once we get a consolidation in the daily, we can form a larger daily signal, but not for now.Note
I'd be careful here. Either exit, or hedge dollar exposure if long. A GBPUSD or AUDUSD long is attractive. Risk 1-3 average ranges down in the daily.Trade active
It's been following the trayectory I had outlined. You could reenter the long trade here.
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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.