USDSEK has traced a sharp decline, correcting the recent breakout. Now it appears to have bottomed against a low volume support level, so we can start to go long here. You can buy gradually over 5 days, or risk buying when price breaks above a previous day high, with stop at the lowest low here.
If we happen to break down and move past 8.5479, I would be tempted to assume that the long term dollar uptrend is failing, and we can expect a massive selloff in the dollar accross the board.
Good luck,
Ivan Labrie.
If we happen to break down and move past 8.5479, I would be tempted to assume that the long term dollar uptrend is failing, and we can expect a massive selloff in the dollar accross the board.
Good luck,
Ivan Labrie.
Comment:
Good confirmation of a bottom so far.
Comment:
Despite the up and down action, it's still holding. I like EURSEK a bit more than this now but both should be bottoming here I think.
Comment:
Looks perfect...crossing fingers.
Looks perfect...crossing fingers.
Comment:
9,22 should be hit soon. Let it cruise.
Comment:
Nothing to do here, hold.
Comment:
4h traders are in control of the trend currently. Once we get a consolidation in the daily, we can form a larger daily signal, but not for now.
Comment:
I'd be careful here. Either exit, or hedge dollar exposure if long. A GBPUSD or AUDUSD long is attractive. Risk 1-3 average ranges down in the daily.
Trade active:
It's been following the trayectory I had outlined. You could reenter the long trade here.
