AMMT
Short

USDSEK - Going short

FX:USDSEK   U.S. Dollar/Swedish Krona
27 0 1
The USDSEK             has recently made a upwards corrective move, since the down slope move from the highs of the beginning of March, finding a strong resistance barrier around the 8.15 area. The weekly long-term GMMA (orange) since then has been in compression mode, indicating that there is a high probability of a true trend reversal. On the other hand, the RSI (14) has been respecting the downwards trend line (black in RSI plot). In turn the Stochastics seems to show a negative divergence, i.e. while stoch made a significant higher high, entering in overbought territory, price almost did not. Putting all this information together, I think there is a high probability of more down moves for this pair.

Order 1:

Entered short @ 8.1325
SL @ 8.239
Tg @ 7.893
Trade management: boxes in units of risk-to-reward ratio


Order :

Entered short @ 8.1325
SL @ 8.239
Tg is open
Trade management: boxes in units of risk-to-reward ratio. Move stoploss to break-even as soon as Order 1 hits target.
Trade closed: stop reached: Well, I got stopped out in this one. Lets see how this pairs evolves and patiently wait form a new opportunity.
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