Pattern: Testing the 6 month Support. Signal: Bullish as the RSI and the 2018 fractal indicate a potential rebound here. Target: 10.8000 (just below the 0.786 Fibonacci retracement). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
USD/SEK is going through a steep downtrend which will not last forever so be ready to buy! RSI 14 is OVERSOLD and the price seems really closed to the support line! My suggestion is to GO LONG waiting for a strong rebound which might last until either the 38.2 Fibonacci level (dotted line) or the price resistance started in the first part of May. DO NOT FORGET...
It will be a nice buy possibility near the 6-Months Low. We should look for an entry point in the younger timeframe. The false breakout is the best pattern for open trade. Dear followers, the best "Thank you" will be your likes and comments! Before to trade my ideas make your own analysis. Thanks for your support!
The European Commission wants to borrow €750B to help European Nations less capitalized. This is on the back Germany and France’s proposal for a €500B fund intended to be given as grants to poorer nations such as Italy and Spain. Financial times estimate that Italy could be in line to get close to €82B The extra €250B was suggested by the European Commission in...
Hi Guys, if the breakup of the horizontal resistance will be confirmed over the next week, we can project a new monthly target at 13. Thank you, Simone
Shorting USDSEK as i'm seeing several rejections and possible end of the uptrend, let me know your thoughts :)
monitoring price action for possible sells, prefer to wait till US session, or maybe even mid week. Patience.....
First time back to FTR supply zone, looking for longs
The only reason the time frame is so low is because I simply do not have enough data to work off otherwise, but I'm going to wager that the Swedish Kronor depreciates against the Mexican Peso, being that the Kronor is backed by a pro-immigration millennial gubment amidst a global pandemic while the Peso has both trumpbux repatriation efforts and a government that...
Use this as a guide to develop your view of the chart. Main items we can see on the Daily Timeframe. a) The main structure the price is in is an ascending channel. b) Currently, the price is on the higher trendline of the ascending channel. c) Remember that Technical Analysis doesn't tell us what is going to happen. Technical Analysis shows us zones in...
7 hour stochrsi cross from 25 bullish momentum strong 15 ichimoku signal says long from here lagging span above cloud price above cloud green moku ahead conversion line over base line
USD SEK has been on a nice up-trend, but will most likely retest major supports before continuing to propel up.
Eyes on SEK bottoming out in a larger Head & Shoulders pattern. Keeping an eye on this market closely where we will add directional exposure to the downside on a break and confirmation of the pattern. We are currently net short NOK against a basket of currencies.
Put in your shorts on FOREXCOM:USDCAD it's looking to restest resistance on the lower structure and then we will buy in or buy more! Milk this bad boy to the end