Short USDSEK @ 9.6748; TP @ 9.48139, SL your choice
Short USDSEK @ 9.72562; TP @ 9.52713, SL your choice
ENTRY 9.68176 TP 9.60887 ( RR+2.18) SL 9.71481 INTEL: The contraction is leading right to a previous top making this a possible double top pattern. Price action achieved a fake-out to the upside, showing that the "buyers" are dying out. TP1 (50%) and TP2 (61%) both line up with previous resistances, now supports.
-Daily Chart Explanation: Price is currently making a Double Top Pattern with the previous high. We need for a rejection daily candlestick to confirm the bounce, but in case it happen then there is a potential movement towards the Support Zone at 0.9300. And, nn case this zone is broke, then the Weekly Ascending Trendline would be the target. -Weekly Timeframe:
Consider this as a guide to develop your own setup. Main Items we see on the Daily Chart: a)Price has broken the descending trendline b)Currently we can see an ABC formation (maybe an expanding Triangle) c)This type of formations are considerer continuation structures d)The price Broke out the corrective structure and now is making a pullback to the...
Potential swing trade long over coming week(s) on GBPSEK.
Main items we can see on the 4HS chart: a)Price has broken a major descending channel b)After the breakout, the price made a Flag Pattern c)Flag patterns are considered continuation structures d)Using Elliott Wave Theory we can deduce that a 5th wave still remaining Based on that if price breaks down the Flag pattern with close candlesticks we expect a...
4H CHART EXPLANATION: Price is on a bearish trend since May, broke the daily Ascending channel and now it is making a bearish corrective structure facing a support zone. The idea of this trade is to short once the support zone is broken, and the potential movement may reach the next support zone. MULTI TIMEFRAME VISION: -Daily: -Weekly:
The currency pair clearly feeling that 0.618 fibonacci level. Bollinger's recent wide bands testify that we'll see increased volatility.
The pair is neutral on 4H (RSI = 51.094, STOCH = 45.249, ADX = 19.312, Highs/Lows = 0.0000) as it is on the median of a Bullish Megaphone pattern. Having made contact on a Higher Low last week, we are expecting a new Higher High. Long, TP = 11.550. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments...
4H CHART EXPLANATION: In 4H chart we can observe that price has broke the Ascending Trendline and the previous support zone, making a pullback on it. It has potential to continue the downside movement towards the Support Zone at 9.4700 and if it is broken, then to the bottom of the Ascending Channel Updates coming soon! MULTI TIMEFRAME VISION: Daily: ...
USDSEK & EURSEK charts are forming a top formation, which is the end of the very extended downside trend for the SEK (483 days). Some kind of a mean reversion is expected towards the 9.22 area by Aug-Mid Sep. For more fundamental points I wish to recommend Torbjörn Isaksson analysis
The pair is trading within a 1W Channel Up (RSI = 71.320, MACD = 0.168, Highs/Lows = 0.2551) since the start of the year. Recently a new aggressive bullish leg has been initiated on 1D (RSI = 70.181) which aims at a new Higher High for the Channel within 13.2000 - 13.3000. Note that the very same 1W Channel Up was traded from September 2017 - April 2018. **...
Short EURSEK @ 10.7435; Tp @ 10.5285, SL your choice
I will open Sell near 1 year High 10.7290 if the price will make a fake broke That level also a historical high
Long SEKDKK @ 0.7014; Tp @ 0.71542, SL your choice
Short USDSEK @ 9.5245; TP @ 9.334, SL your choice
Long SEKNOK @ 0.9140: TP @ 0.93235, SL your choice