SEKUSD trade ideas
USDSEKWeekly/Daily/H4/H2/H1: Price is in a downtrend direction and currently approaching a support level which is also a key zone.
30m: In the lower time starting from 30m to 5m I can see price is holding 9.4300 level in a consolidation form and it is forming a triangle wedge in the next few days."
Scenario A: Price could continue to drop until 9.31000
Scenario B: Price might hold the current level 9.43000 in a consolidation form and decide either direction
Scenario C: It could target 9.55600 level and then retrace back to 9.43000 which if it holds again it could rally upward with a possible stop @ 9.67500 and second target @ 9.83100/9.88300. However, if it breaks to the downside, then I think scenario A is the best option.
USDSEK LONG Happy Sunday Traders! Let's get started with this week's report.
This pair is pushing down towards the Monthly Support Zone (Brown Area) that has been tested multiple times. This level of support is likely to provide some type of bounce out of this market. Because of that, this is an area that I will be looking at for possible long opportunities throughout this week.
Monthly Support Zone (9.23627-9.36713)
USDSEK is close to 6-Months Low!It will be a nice buy possibility near the 6-Months Low.
We should look for an entry point in the younger timeframe.
The false breakout is the best pattern for open trade.
Dear followers, the best "Thank you" will be your likes and comments!
Before to trade my ideas make your own analysis.
Thanks for your support!
UPDATE!! USDSEK the last leg 🦐USDSEK creates the last impulse wave according to FLAT correction (Elliot's wave).
You can see the old call on the chart! Don't miss our signals!
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Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
USDSEK the fifth wave inside a Flat CorrectionUSDSEK creates the fifth wave inside a Flat Correction (Elliot's wave)
It's a second signal about this pair, you can increase your short position or open a new one, According with plancton's strategy.
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Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
USDSEKDigging into analyzing 2 hour USDSEK chart, the market closed at an exchange of 9.66286, crossing its support level of 9.66985 (Fib 78.6%). With Aroon (14 period) indicating further downturn and the current support levels probably becoming the new resistance, the exchange rate might dip to 9.64685 (Fib 61.8%) and recover from this point. Analyzing the 1 hour, 3 hour and 2 hour chart, they are all in support of further downturn in the exchange. I am looking into a price range of between 9.7 and 9.65 as my resistance and support levels.
SHORT IDEA - USD-SEK, resistance possible false breakout!Hi,
This is my first post here on tradingview.
My idea is that there is possibly a false breakout of resistance on the 4hr time frame. Alongside following a downtrend channel.
I will wait for a close below the resistance line to then look for shorting opportunities.
This is only a suggestion.
$USDSEK forming pennant.Looks like this pair forms another pennant which is finding support on 100ma. If breaks below we might observe 9.39xx levels aligning to 450ma and YPP. If breaks above will bring the price easily to 11.2x which is fib extension from the previous low of 9.30.(although the pennant breakout rule suggest that we should look for 10.95, extension from 9.30)
Btw my last trade on this one was stopped under the 100ma. :(
Please use SL or hedge and consider your own research.
