darcsherry
Short

FOLLOW-UP STRUCTURE | USDSEK

FX:USDSEK   U.S. Dollar / Swedish Krona
Presently enjoying a 1,862pips run on our last speculation on this pair (see link below for reference purposes). The current structure emphasizes the downtrend tendencies, see plan below;

Tendency: Downtrend ( Bearish )
Structure: Head & Shoulder
Observation: i. After a bullish impulse leg, Price rise to a high ( Shoulder) and subsequently falls back to what is called the neckline.
ii. The price rises above the former high to form a Higher High (Head) and then again falls back to the original base (neckline).
iii . Price rises a third time, but to a level approximate to the first (Shoulder), before falling back to the base or neckline of the pattern again.
iv. Price below Moving Averages.
Trading Plan: SELL with a potential profit of 6,0000pips.
Risk/Reward: 1/4
Potential Duration: 15 to 30 days

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

Watch this space or channel for follow-up plan on lower time frames as price action is been monitored.


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Nirvana! Forex Trades & Investments
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.

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