ElysiumFX
Long

USDSEK - Looking for a bullish turn soon

FX:USDSEK   U.S. Dollar / Swedish Krona
132 0 0
There are a few factors I'm watching here:

A. The 23.6% Fib support at 6.43792, which coincides with

B. TL support, which also happens to be

C. A key piece of the Gartley being formed

Price is nearing the apex of the triangle its currently trading in, and risk for longs is clearly defined at these levels: below that trendline on a daily close, and price could see 6.3050 again easily. I wouldn't be surprised to see price bounce inside the triangle for a little bit more before breaking out, but the support levels we are currently near are very important and offer great opportunities to go long. For those with a long-term approach, the Gartley pattern would target nearly 6.8900.
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