Let's take this and see how it feels Goodluck!
Pattern: Ascending Triangle on 1D. Signal: Bullish since the 1.0890 Resistance broke upwards. Target: 1.1000 (lower 1W Resistance).
After a strong down-move following the dovish FOMC meeting yesterday, USD/SEK seems recovering at an important demand zone. The pair is trading inside a rising channel and has reached near the lower channel support, which aligns with a horizontal support and the 61.8% Fib level. Today's candle could provide the needed confirmation to enter with a long. Like...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
ING bank keeps spreading fear about the SKrona. "Their central bank is dovish, will put it under pressure". They announced yesterday they reached their targets of 10.60, this could be when every one takes profit. On the higher time frames, we can see there is a resistance in this area, might be a little higher depends how you draw it, but it is approximately in...
Price has tested the downwards channel multiple times then broke to the upside where it has hit our price zone. price should reverse targets are... TP 1 - 9.27954 TP 2 - 9.21655 TP 3 - 9.13943 SL - 9.34018 have a great day guys, please use correct risk management
2nd CADSEK short @ 7.00; TP @ 8.229, SL your choice. Average entry @ 6.962.
Short CADSEK @ 6.8903; TP @ 6.7524, SL your choice
The pair successfully made a Higher Low within the 4H Channel Up (RSI = 57.295, MACD = 0.008, Highs/Lows = 0.0000) and at the moment is bouncing back up. Our estimate for the next Higher High is 6.2020 but we'll use a more moderate TP = 6.1800. However this time it will be face heavy Resistance at 6.1250 which is the Resistance of the 6.0495 - 6.1250 High...
The price is trading on a stable 4H Channel Up (RSI = 68.273, MACD = 0.025, Highs/Lows = 0.0242) and is approaching the patterns potential Higher High ~6.1250, which also happens to be the Resistance on 4H. This combination creates an optimal sell opportunity on a very short term basis, TP = 6.0600. ** If you like our free content follow our profile...
The pair is trading inside a Channel Down on 1D and the current neutrality (RSI = 47.632, Williams = -49.587, CCI = -47.5862, Highs/Lows = 0.0000) indicates that a Lower High level has been reached. Based on the previous Lower Low measurements, we are short on EURSEK targeting 10.07000.
Stop loss, entry price and targets are mentioned on graph.
The breach of resistance may be a possible set up for a long trade.
The EUR/SEK currency pair has been trading in the falling wedge since the middle of August. Also, the pair has reached the lower boundary of the long-term ascending channel. Currently the rate is testing the lower channel line at 10.22. If given channel holds, a reversal north occurs in the nearest future and a breakout north from the wedge follows. Potential...
Stop loss and targets mentioned in graph
The pair has completed a Higher Low placement within the 1D Channel Up (RSI = 53.586, Highs/Lows = 0.0000). The Higher High process will follow next, so the trade is long with TP = 9.2500.
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.
The Euro has been depreciating against the Swedish Krona since the end of August. This movement has been bounded in a falling wedge. The exchange rate reversed south from the upper wedge boundary at 10.41 at the end of October. Given that the currency pair is pressured by the 55-, 100– and 200-hour SMAs, it is expected that the pair aims for the lower boundary...