Short USDSEK @ 9.72562; TP @ 9.52713, SL your choiceShort USDSEK @ 9.72562; TP @ 9.52713, SL your choice
SEKUSD trade ideas
usdsek sellHi ,
This is Similar to the usdhuf . Same principles .
Entry and Sl marked on chart with TPs . SWING IT .
Many Thanks.
USDSEK relieve move maybe?USDSEK continues at historic highs. Yesterday it made another attempt to break 9.688 resistance area but once again it failed, this is the 3rd attempt and the 3rd fail recently. The day ended with a pretty big inverted hammer candlestick what is also a bearish signal. When looking at RSI we see that it is also loosing strength with each attempt to break the resistance, probably meaning that the bulls are not strong enough.
I expect it to make a relieve move to 9.471 support area where not only the horizontal support but also the trendline coming all the way from January will come into play. What will happen there? No idea but I expect a bit of a consolidation move between these support and resistance area.
Lets look at the 4H to see how I intend to play this pair:
I would like to see the pair making another weak attempt to break above the highs and fail. Then I will enter the trade on the break of the black line. If the pair goes straight down I am afraid I will miss the opportunity and will wait for the next pullback.
Trade safe!
USDSEK approaching support, potential for a bounce!
USDSEK is expected to drop to 1st support at 0.964127 where it could potentially react off and up to 1st resistance at 0.973661.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Correction on USDSEKNice candle combination after reaching previos high on USDSEK can make nice correction till trendline...
USDSEK DAY TRADE SELLENTRY 9.68176
TP 9.60887 ( RR+2.18)
SL 9.71481
INTEL: The contraction is leading right to a previous top making this a possible double top pattern.
Price action achieved a fake-out to the upside, showing that the "buyers" are dying out.
TP1 (50%) and TP2 (61%) both line up with previous resistances, now supports.
Bearish Movement Coming on USD/SEK by ThinkingAntsOk-Daily Chart Explanation:
Price is currently making a Double Top Pattern with the previous high. We need for a rejection daily candlestick to confirm the bounce, but in case it happen then there is a potential movement towards the Support Zone at 0.9300. And, nn case this zone is broke, then the Weekly Ascending Trendline would be the target.
-Weekly Timeframe:
USDSEK approaching resistance, look out for potential reversal!
USDSEK is approaching its resistance at 9.69096 where it is could reverse down to its support at 9.54277.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Sweden must do this...Sweden must
Lower fuel taxes
to continue inflate.
And to be able to present
a good consumer price index.
And........
They can then claim
that there is no
Inflation.
And the funny part is
that everyone will
believe it.
In ascending channel testing previous highs Overall View on USDSEK is bullish till our ascending channel structure is valid , however we will be looking for better entries to buy .
We can buy on break-out and retest above horizontal s/r , or we can look for long trades near ascending trendline if not then from bottom of channel.
USDSEK reversed from resistance, potential drop!
USDSEK reversed off its resistance at 9.64758 where it could potentially drop further to 9.59540.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY reversed from resistance, potential drop!
DXY reversed off its resistance at 9.66000 where it could potentially drop further to 9.59540.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDSEK is going to retest 9.70USDSEK is going to retest 9.70 beeing moved by current uptrend and local trend. 9.70 will be a sign 1)uptrend can go further 2)can be correction down. Right now may be an opportunity for some profit in staying long.
USDSEK reversed from resistance, potential drop!
USDSEK reversed off 9.64207 where it could potentially drop further to 9.53944.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Testing new forex pairs Looking at this exotic pair and testing on demo to see how it reacts with market structure and price action.
USDSEK BUY ON STOP 1/2 position (smaller then usual)Buy in stop at 9.59
Stop @ 9.4720
If we get into this trade target will be a wait and see approach.
Like us and follow is. Happy trading and watch your capital always.
USDSEK bounced from support, potential for a further rise!
USDSEK bounced off its support at 9.52966 where it could potentially rise further to 9.59545.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDSEK approaching support, potential for a bounce!
USDSEK is expected to drop to 1st support at 9.52966 where it could potentially react off and up to 1st resistance at 9.59545.
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USDSEK bounced from support, potential for a further rise!
USDSEK bounced off its support at 9.54484 where it could potentially rise further to 9.69613.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
