Second chance entry to the earlier pattern,
Trading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle ...
Shorting from 9.1015, this should be the final big break. Took profit before bed last night on the majority of the short form 9.12, this is the reentry level.
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.
USDSEK often gets overlooked by retail traders as they see this market as having a mind of its own however, this market
can be traded instead of the EURUSD due to its strong correlations. If you use the compare tool in tradingview add this chart
to the EURUSD chart and you will see when EURUSD goes long, this chart goes short and vice versa.
Often the EURUSD can ...
Trading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based ...
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.
as you can se we have weekly and daily patterns and divergence so for those with big accounts you can hold a short position. but for smaller accounts i will post a lower timeframe projection for you
The U.S. Dollar vs. the Swedish Krona. At times of market stress the U.S. dollar can act as a safe-haven asset, but swings in broad-based investor trends can make the USD/SEK exchange rates very sensitive. The pair can also sensitive to relative monetary policy expectations for the Federal Reserve vs. the Riksbank, Sweden’s central bank.
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