SEKUSD trade ideas
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.
USD/SEK MULTI-TIMEFRAME ANALYSIS Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
USD/SEK : H4 Triangle.. Bearish outlook
Overlapping H1 and H4 clouds . Lagging span H4 and H1 below clouds.
Daily view : Obstacles on the upside of the lagging span.. Price under the cloud. We can expect the BEAR will wake up..
USDSEK Wedge patternHere we see a wedge pattern forming on the USDSEK. Entry long and short are marked by the red dotted line. Get you some
Targets on USD/SEK shortHere are 3 untested levels you could target if you're already short on USDSEK.
USD/SEK Long Trade - Entry 10.05841Stop Loss = 9.85552 / Take Profit = 10.66606 > Coupled with a 1% risk with 3% reward.
Once the trade reaches a 2:1 point move SL in front of opening at a 1:1 point to mitigate risk.
Keep Chasing that Paper!!!
