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Gweedy
Aug 24, 2015 6:06 PM

USDSEK Long in consolidation box Long

U.S. Dollar/Swedish KronaFXCM

Description

The swedish krona is fundamentally weaker than the US-Dollar, which leads us to believe that this consolidation box, with the ab=cd correction sitting right at the bottom, will find it's way to the top of the box and eventually break out.
This is a buy and hold type of trade, and SL will be put under the box.
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