The Strong dollar vs the weak Swedish Krona was among the strongest carry trades during 2018 and let me give you guys some hints.
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#USDSEK maintains a bullish “triangle” continuation pattern, as well as an existing base from April last year, keeping the risks higher. We see resistance back at the 2016 high at 9.4482,
with potential long-term trend resistance seen at 9.4818, which we expect to cap at first. Big picture though, the “measured triangle objective” is set much higher at 9.6176.
We did follow this pair for a few weeks now. On the daily chart, it can be seen that it reached an area where it will consolidate (based on the previous patterns) until a breakout occurs. Based on our analysis, we went long and set our TP to the previous highs (9.09523) and SL to (9.02374), where support can be seen above this area.
The Forex Farmers.
USDSEK Swing Long . Market create long term Double Bottom and Break very important TL on high TF . actuly this market is on Rzone. if Break This R zone Flying UP on Profit Taker Level (Profit Taker R zone).