vlad.adrian
Long

USDSEK - Short Sweden update 2

FX:USDSEK   U.S. Dollar / Swedish Krona
126 2 1
With this type of uptrend, is hard not to get cold feet. I have liquidated most of my position in USDSEK             just before there was another buy signal. The weekly is not bearish yet, no sign for a correction .

Daily returned to value and rejected value with a very bullish candle, while the impulse system became green again. The uptrend in USDSEK             is not over, and I re-entered long, but with a smaller position than the one I've been building. If this week ends at these level or higher, I believe the chart will go much higher.
That was a great trade. Sometimes a rise in volatility indicates a change in market direction so your cold feet may be a good thing. It also looks like it has gone through the lower trend line from AUG 18th through Sep 18 which may mean a more sideways to lower pattern. The MACD histogram is showing strong divergence on this last move up also. Besides, something is bound to happen with our politicians here that have a budget crisis looming and possible political stalemate in congress.
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