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moon333

USDSEK hitting the support of channel | A good long opportunity

Long
U.S. Dollar / Swedish Krona (OANDA:USDSEK)  
moon333  
OANDA:USDSEK   U.S. Dollar / Swedish Krona
Fibonacci Parallel Channel Oscillators swedishkrona usdsekbreakout forextrading forexmarket forexmarkets forexsignals usdseklong usdseksignals usdsekbulls
8
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fibonacci parallelchannel oscillator swedishkrona usdsekbreakout forextrading forexmarket forexmarkets forexsignals usdseklong usdseksignals usdsekbulls
Priceline of US Dollar / Swedish Krona forex pair is moving within an up channel and now hitting the channel's support.
MACD is strong bearish and stochastic is still not oversold so I would suggest to wait for MACD to turn weak bearish or for stochastic to give bull cross then take long position.
I have used Fibonacci sequence to set the targets:

Sell between: 9.71141 to 9.83034

Regards,
Atif Akbar (moon333)

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