vlad.adrian
Long

USDSEK - Long from the bottom of the range

FX:USDSEK   U.S. Dollar/Swedish Krona
58 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.

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ChimbOt PRO
9 months ago
Great eye ! This looks to be mirroring dollar
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vlad.adrian PRO ChimbOt
9 months ago
Thank you
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IvanLabrie PRO
9 months ago
If we break that range, we could see 10.
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vlad.adrian PRO IvanLabrie
9 months ago
True, but that could happen in more than half an year. For now, I'm only considering the range
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IvanLabrie PRO vlad.adrian
9 months ago
Yes, it's a monthly long for me. I'm in, letting it run until then, and adding on daily corrections.
Reply
2use
9 months ago
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
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