USDSEK trade ideas
USDSEK LONG - W-patternHi moneymakers,
Allright, so an exotic pair.. lots of movement on this pair most of the weeks, so lets fasten the seatbelt.
Ok, so we have a lot of rejections on the daily wich is giving us the information that the bears seem to be failing to push lower.
And what happens when the bears fail, YES, the bulls come in, wich is also in line with the chart pattern at this point.
IF we go up, IF, than we will form the W-pattern and the risk/reward is amazing + we will have another trading oppurtunity towards the neckline.
So, keep a very, VERY close eye on the price action thats happening on this pair to catch the waves!
Cya on the update!
USDSEK two possible buy setupson DAILY: USDSEK is sitting around a strong support zone in green so we will be looking for objective buy setups on lower timeframes.
on H4: USDSEK formed an objective trendline in blue so we are waiting for a momentum candle close above its last swing to buy this one long-term.
on M30: USDSEK is forming a channel in red but it is not valid yet, so we are waiting for a new swing to form around it and then enter on its break upward.
USDSEK 4hr pullback longAs USD starts to bounce today, I'll be looking for some trades to long USD
but not to short EURUSD and AUDUSD as they broke their inside week to the upside.
Therefore, turning back to some minor pairs is also not a bad idea.
Here we got this USDSEK 4hr harmonic patterns and 4hr demand combination.
I'll be willing to take this long!
Let's see how it goes yo!
