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SEK

USDSEK Daily Head and ShouldersReally like this pattern because it happened at a break of all time new highs. We have had a nice uptrend with higher lows and higher highs. And we can now see that this momentum may now be running out. The swing we are working with is the 9.6050 level. This is the neckline we are using. Once this higher low swing gets taken out, the uptrend by definition is over. We have possibly made our first lower high here too BUT remember we need lower lows to confirm. So many good confluences here for the trade. The lower high would require a break of the neckline nullifying the uptrend. Let us await for a nice close and break below the neckline. To the downside, the 9.48 is one to watch, and then afterwards the 9.3710 zone. Remember. we do have the US Fed decision on Wednesday, so be prepared.
Short
by Uncharted-FX
2
USD/SEK Short Opportunity by ThinkingAntsOk4H CHART EXPLANATION: On this timeframe, price has broke the short term Ascending Channel and the Support Zone. Now we are waiting for a pullback or corrective movement to place sell orders, since it will provide a good zone to place the Stop Loss. The first short term target would be the Support Zone at 9.5400 and it if is broken, then the Support Zone at 9.300. The long term targets are explained on the Daily timeframe below. DAILY CHART EXPLANATION:
Short
by ThinkingAntsOk
Swing Trade Idea on "USDSEK" by ThinkingAntsOkConsider this as a guide to develop your own setup. Main Items we see on the Daily Chart: a)Price has broken the descending trendline b)Currently we can see an ABC formation (maybe an expanding Triangle) c)This type of formations are considerer continuation structures d)The price Broke out the corrective structure and now is making a pullback to the Trendline Based on that we set on the Chart -ENTRY -STOP -TP Use them as an idea of where to set your orders if you were planning to take this trade, We have similar setups on EUR/USD + USD/JPY (the link is on Related Ideas) Weekly Vision:
Short
by ThinkingAntsOk
1
Trade Idea on "EURSEK" Short Setup by ThinkingAntsOkMain items we can see on the 4HS chart: a)Price has broken a major descending channel b)After the breakout, the price made a Flag Pattern c)Flag patterns are considered continuation structures d)Using Elliott Wave Theory we can deduce that a 5th wave still remaining Based on that if price breaks down the Flag pattern with close candlesticks we expect a continuation of the bearish movement towards the First fibo level as 1ts Target, and the second fibo level as the second target. Daily View:
Short
by ThinkingAntsOk