SEKUSD trade ideas
USDSEK Sell Hi All ,
This is one of our swing trade of 5 weeks , As you can see we have been stopped at profit above the previous support, as price has pulled back up to start forming a H&S . So now we set pending order at 9.49922 to sell for another 5 weeks . Or we wait and see what 9.49922 Resistance act as .
Either way will update . But this is one trade not to miss .
We are approaching selling zone !!.
Many Thanks.
USDSEK / 4H / ForecastI just entered a position in USDSEK for short. As both a Doji star, and a bearish engulfing have formed in the 2H inside this resistance area
Key Points:
Stop Loss : 9.42153
Entry : 9.38561
Take Profit : 9.26336
USD/SEK - Possible 1400 pip dropMonthly High
Ascending wedge formation
Price Retested and is making its continuation.
This could make a very nice long term trade set up. Nice reward to low risk.
Protect Your Profits along the way.
Trade at your own risk.
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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:
USD/SEK 9.35533 / 9.35084 VS 9.49245 / 9.47372.Hello Traders, USD/SEK 9.35533 / 9.35084 VS 9.49245 / 9.47372.
Correcting the Impulse ( Yellow ) possible Short Term Buy if we get a setup / flag ( Blue )
To retest 9.49245 / 9.47372.
USDSEK Buy SignalPattern: Channel Up on 1W.
Signal: Bullish as every time the price broke below the MA50, it always stayed supported above the previous low.
Target: 9.6500 (just below the 1D Resistance).
USDSEK Short BiasWelcome to everyone!
Today is the day of USDSEK.
usdsek just reacting the previous strong created supply area and going for short now.
as we know the strength of dollar is getting weaker now.
We always follow our rules and stick with our plan. But no method/plan help us without controling our emotions.
Without proper knowledge forex is just a gambling for the people who try to gain profit from it following by their luck.
So Short Bias right now. This is it. Enjoy
Happy Trading : )
Right shoulder in USDSEK dailyLooking for wave 1 down after an ABC correction. First wave target is 9.27 where I expect a bounce followed by wave 3 down to 9. As long as bulls don't take out 9,5, I'm positive to this view. Also keeping an eye on MA40 and MA50 ratio.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
USDSEK SWING TRADE SELL IDEAThis is an idea and not a signal to sell. It is for educational and demonstration purposes only. If you enter, you trade at your own risk. Always do your own analysis to confirm you agree with any idea before trading.
With that being said,
Price reached top of ascending channel and had bearish momentum. Looking for a pullback to the trendline and continuation of sell to a key zone in the market, which is the 50% or 61.8% fib level from swing low to swing high. The trade from the pullback to the trendline is a possible 575 pips after pullback.
Trade at your own risk.
possible long or short at break of trendlinepossible long or short at break of trendline.
on 1 hour TF there is a bear traingle which might break the trendline and become shorts .
so we have to wait for break of the trendline
USD/SEK 9.25428 VS 9.54526 Trade SetupsHello Traders, USD/SEK 9.25428 VS 9.54526.
Looking to complete a possible Running Pattern ( Blue )
to continue the downside movement Breaking 9.26228 / 9.25428 VS 9.15617 / 9.04740.
Or ( Yellow ) Continuation / Consolidation / Corrective Pattern
to Continue uside movent Breaking the current downtrend vs 9.54526 / 9.53482.
US dollar recovers against Swedish kronaOver the last 24 hours we have seen a remarkable recovery in the USD/SEK pair, as we bounced from a major confluence of technical indicators. On the daily chart, we had been hovering just above the 200 day EMA for several sessions, but on Monday exploded to the upside. The candle stick was rather large, which of course is extraordinarily bullish, and making for an even more interesting set up is the fact that we had seen the 50% Fibonacci retracement level acted as support as well.
Looking at the daily chart we can also see that the Tuesday session is now starting to form a supportive looking candle as well, so if we can break above the highs during the trading session on Monday, then the market is likely to go looking towards the next major round figure, 9.5 SEK. To the downside, the obvious support is at the 9.25 SEK level, which featured the technical indications.
The question now is whether or not this is about US dollar strength or more of a risk off type of situation? The US dollar strength could be due to the stock markets in the United States, as they have shown a bit of resiliency in comparison to their European and Asian cousins. Ultimately, this looks like a nice long term set up that traders will be taken advantage of, with an obvious stop loss area. Beyond that, we could even see the market go above the 9.50 SEK level, but in the short term that would be your most obvious target. If we did break higher than that, the next target would be the 9.6 SEK level. If we were to break down below the 9.25 SEK handle, then it would open the door to the 9.15 SEK level below which also features the 61.8% Fibonacci retracement level.
SHORT TRADE ON USD/SEK by ThinkingAntsOk4H CHART EXPLANATION:
Price is on a bearish trend since May, broke the daily Ascending channel and now it is making a bearish corrective structure facing a support zone. The idea of this trade is to short once the support zone is broken, and the potential movement may reach the next support zone.
MULTI TIMEFRAME VISION:
-Daily:
-Weekly:
