FX:USDSEK   U.S. Dollar / Swedish Krona
Tendency: Downtrend ( Bearish )
Structure: Ascending Channel| Breakout
Observation: i. The USD trending bullish since January 2019.
ii. Channels formed from two positive ascending trendlines at the resistance and support levels indicating a bullish trend .
iii . Price not respecting the channel anymore can be noticed as price action breaks out (red circle) of the channel @ 9.60000 inciting a bearish takeover.
iv. Price action appears to be doing a correction move from the last bearish impulse leg.
v. Price action slicing below Moving Averages.
Trading plan: SELL with a minimum potential profit of 4,900pips.
Risk/Reward: 1/4
Potential Duration: 15 to 25 days

** Please note that Stop Loss/risk-reward ratio is subject to individual risk appetite per trade and account size.

Watch this space or Telegram channel for updates as price action is been monitored.

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Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by Nirvana Trades & Investments for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and NFTI takes no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
NFT&I does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Jan 27
Trade active


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