USDSEK - Long from the bottom of the range

FX:USDSEK   U.S. Dollar / Swedish Krona
61 6 3
There's nothing more bullish ( IMO             ) than a range in an uptrend or a downtrend, with a false breakout and a reversal in the direction of the preceding trend. That is precisely what happened in USDSEK             , and no matter the outcome, this is a trade I would take anytime.

I am looking for the top of the range as a target. around 8.7 give or take.
As much as i would love sek to regain ground i also see a divergence. technically above 8.14 it is a reversal. although it is still in a downtrend
If we break that range, we could see 10.
vlad.adrian IvanLabrie
True, but that could happen in more than half an year. For now, I'm only considering the range
IvanLabrie vlad.adrian
Yes, it's a monthly long for me. I'm in, letting it run until then, and adding on daily corrections.
Great eye ! This looks to be mirroring dollar
Thank you
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