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Sejdr
Oct 7, 2019 6:12 AM

USDSEK Short Short

USD/SEKOANDA

Description

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

Order cancelled

So, we can conclude that my trade idea is invalidated as it never got triggered - quite the opposite :)
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