The USDSEK is comming down from its highest reading in 17 years.
On Daily we have a pinbar followed by doji and then a clear bearish bar. On Daily the RSI is just about to cross the MA9 also.
On 4h we have a decending triangle into support. Loss of momentum, the very high reading it is coming down from and the structure suggest a break of the support - but still confirmation is needed.
The target should be around previous structure meeting the MA100 at around 9.75000
On Daily we have a pinbar followed by doji and then a clear bearish bar. On Daily the RSI is just about to cross the MA9 also.
On 4h we have a decending triangle into support. Loss of momentum, the very high reading it is coming down from and the structure suggest a break of the support - but still confirmation is needed.
The target should be around previous structure meeting the MA100 at around 9.75000
Order cancelled:
So, we can conclude that my trade idea is invalidated as it never got triggered - quite the opposite :)