USDSEK: Elliott wave triangle is pointing down Short

U.S. Dollar/Swedish KronaFXCM

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⋅ Feb 21, 2023 9:52 AM

Despite some slow down of inflation in Sweden, this one looks to be ready to break down from a triangle soon. If FED dissapoints to bring more hawks after US PCI miss last week, I think this one can easily break down into a fifth wave.