U.S. Dollar / Swedish Krona USDSEK

I expect the USD to bring price back up to supply zone then give a good retracement 400-800 pips (which is average daily movement for this pair. I even added a swing TP of 1400 pips. I use 150 pip SL on USEK trades and rely on good risk-reward. SL is above recent wicks on 4H.

I took this position again, with a 1:4 RR potential. USD is struggling to further strengthen for a while now, US data came in mixed.

USDSEK has some bullish evidence, but, seems it will lose momentum soon. It is weak. Anyways; setup will be valid on support line break, ...the trend requires patience.

Targets after Fibs...

I was testing yen strength as the EURJPY and GBPJPY are doing nice with there fall USDSEK could better relly upward too. I am saying this cause USDSEK currently has like -0.80 correlation to the EURJPY and GBPJPY. Seeing a weak pound USD is also pulling down the GBPUSD and talking about this pair it is highly positively correlated to EURJPY and GBPJPY so, if it ...

USDSEK(daily chart). Possible EW count, Sell the break. EW5 ABC, Double top, trend_line.

Assuming that the 4th wave has just completed and high probability for a 4th wave is between 23.6% and 38.2% of the 3rd wave in an impulsive / motive wave. Reaction near the 38.2% fib level of the 3rd wave - looks more likely to be a 1 wave of the 5th wave on a higher degree or else a reactionary X wave. This is purely my opinion.

Nice correction toward sell zone , watch for the drop

USDSEK 1H teacup Sell limit 8.8816 SL 8.8916 (100 pips) TP1 8.8666 (150 pips) TP2 8.8016 (800 pips) (trail SL) Use small lot size

Sell Limit Entry- 8.9066 SL- 8.9216 (150 pips) TP1- 8.8726 (340 pips) TP2- 8.8366 (700 pips) TP3- 8.8016 (1050 pips)

This may be reflect a possible Elliott Waves Count for the pair!

USDSEK on along term daily up trend - the pair retrace to 50ma at which we have spinning top candlestick ( in decision candle) after which we have a strong bullish candlestick indicating that the uptrend has been resumed.

TD D-Wave

The US Dollar has been depreciating against the Swedish Krona in a short-term descending channel since the middle of August. This gradual decrease in price began when the rate reversed from the upper boundary of a medium-term ascending channel at 9.2290. The pair reversed from the lower boundary of the junior channel during Thursday's morning hours. The common ...

Wait for Sweden election and today's NFP from US to come out with results and we might decide to short USDSEK due to the break of this bearish pennant.

It is all in the chart :) From experience & instinct there is a high probability USDSEK is going to bounce now. Bullish divergence is my condition to enter a trade and it is filled. I will update this idea as this pair moves. I do not know what the perfect way to scale in is. I do not own a quantum fund. My scaling is small large medium (example: 0.2 lot 1 lot ...

Trade the set up. Good luck.

=> Here we are shorting the dollar against SEK as we see a fresh leg down in the dollar for September flows. => Markets have gone overboard on risk premium and we are looking to get advantage of the Swedish elections coming up in two weeks. => Fundamentals are improving in both Sweden and Europe and a rising Euro will help move SEK as collateral here. => GL (Entry ...