SEKUSD trade ideas
USDSEKFor sell now
According to the current price I think it is good to sell from this level to complete the Harmonic model,especially after breaking the resistance.
USD/SEK Potential Buy Setup on D1After a strong down-move following the dovish FOMC meeting yesterday, USD/SEK seems recovering at an important demand zone.
The pair is trading inside a rising channel and has reached near the lower channel support, which aligns with a horizontal support and the 61.8% Fib level.
Today's candle could provide the needed confirmation to enter with a long.
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Lets see if the trend is your friendStart losing levels of support and we're in the clear
Monthly level lost and confirmed
Short entry already acquired
USD SEK SELL (US DOLLAR - SWEDISH KRONA)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
USDSEK.. What now? #USDSEK maintains a bullish “triangle” continuation pattern, as well as an existing base from April last year, keeping the risks higher. We see resistance back at the 2016 high at 9.4482,
with potential long-term trend resistance seen at 9.4818, which we expect to cap at first. Big picture though, the “measured triangle objective” is set much higher at 9.6176.
USDSEK - SELLTrendline broken. 20SMA broken, with large momentum candle.
Enter on retrace bar for SELL
