Pattern: Channel Up on 1W. Signal: Bullish as every time the price broke below the MA50, it always stayed supported above the previous low. Target: 9.6500 (just below the 1D Resistance).
Looking for wave 1 down after an ABC correction. First wave target is 9.27 where I expect a bounce followed by wave 3 down to 9. As long as bulls don't take out 9,5, I'm positive to this view. Also keeping an eye on MA40 and MA50 ratio.
This is an idea and not a signal to sell. It is for educational and demonstration purposes only. If you enter, you trade at your own risk. Always do your own analysis to confirm you agree with any idea before trading. With that being said, Price reached top of ascending channel and had bearish momentum. Looking for a pullback to the trendline and continuation of...
Hello Traders, USD/SEK 9.25428 VS 9.54526. Looking to complete a possible Running Pattern ( Blue ) to continue the downside movement Breaking 9.26228 / 9.25428 VS 9.15617 / 9.04740. Or ( Yellow ) Continuation / Consolidation / Corrective Pattern to Continue uside movent Breaking the current downtrend vs 9.54526 / 9.53482.
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:
OANDA:USDSEK Details on the chart. Happy pips, Pipdified
The US dollar has initially tried to rally during the trading session on Tuesday but then turned around to fall towards the 9.25 SEK level. This is an area that has been important more than once as you can see in the past, but there are also a major confluence of indicators in this general vicinity as well. The market looks very supported in this area, but we are...
Pay attention to the cyclical angles! If price fails to find support, then we are most likely heading lower in that same steep angular fashion we are in.
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OANDA:USDSEK Details on the chart. Happy weekend, Cheers, Pipdified.
Not going to enter into details about Sweden. Sweden central bank "Uh we have no idea why our currency is falling and why our economy is falling behind" duuuuh! Am already shorting it via EURSEK & added a bit with USDSEK, have a limit order at that green level. If I am in the green on EURSEK & add on USDSEK as it goes does can I call this adding to my...
Its on a resistance point, higher than ever this year. TP 1 on a 1st suport line and 2 in the middle. It can go back a little, but will fall to TP2 or even less. See your own chart and make your own choice. This is just my thinking.
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: ...
Last post: May 3rd 2018. See chart . Review: Price broke above the previous all-time high. Update: Price has remained above this level and heads towards the 10.0000 round number. Conclusion: As price approaches the major round number we will need to wait and see how price will react once it gets there. If it breaks through then we should see more strength...
1. 10 flat rate might be psychological resistance 2. 2 Possible bullish targets at the 1.272 and 1.62 * Wave 1. 2. Things are heating up in the States, we will see how long it will last. 3. Global growth rate slowdown (particularly the EU(Italy, Spain, France) Turkey, China, Canada, Australia) will catch up onto the States in the near term. There's a good chance...
USDSEK (4 hour) we have a false break with bearish divergence , if we get weak pullbacks I expect more downside.