The current price has reached the previous week's low and is exhibiting sideways movement, indicating the market has reached level 3 of its cycle, suggesting a prime opportunity for purchasing and potential for substantial profits.
HTF H1 Liq grabbed
M15 2 sweep good sign to reversal
SCS internal Liq grabbed
decisional filled INDC taken with no buying reaction
all what we waiting for any type of M1 signal and enjoying the big short
regards
USDSEK crossed over the LH trend-line as well as the 1D MA50, ending the 1 month pullback and turning the 1D timeframe bullish again (RSI = 57.915, MACD = -0.004, ADX = 28.535). According to two same fractals within 2023, we should be expecting at least a test of the Resistance, if not the 1.236 Fibonacci extension. As long as the 1D MA50 holds, we are short term...
We haven't looked at the USDSEK pair in exactly 1 year but it was that Higher Higher rejection (see chart below) that gave us the best sell opportunity since COVID:
On the 1D time-frame an Ascending Triangle has emerged since and the price has been rejected on the latest September 21 Higher High. We can see the emergence of a Head and Shoulders pattern that...
I like this rising flag pattern we have here, this is a quick move, not a swing trade. Ideally, I wanna see price test that resistance trend line a few more times and then break it to the downside.
However, we just tested a major support zone on the 4hr timeframe so this could be a reversal to the upside ( worst case scenario). Im more sells bias for now though.
Looking to sell on a 15 minutes time frame and will be soon looking for buying opportunities as for analyses on higher time frames confirming a push to the top side in future..
We've observed a bearish key day reversal on the daily USD/SEK chart. This pattern typically forms when the market reaches both a new high and a new low compared to the previous day's trading range and closes below the previous day's low. It's crucial to note that there should be a previous upward movement in the market for this pattern to be significant.
In...
USDSEK is moving sideways on 1H time frame and bearish divergence has been observed on RSI. Upon further scrutiny, a rising wedge reversal pattern is observed. A short entry is planned on break of last swing low and downward breakout of the wedge pattern. SL and TP have been set accordingly.
Hello traders, as we see after the market broke our previous low with a massive downtrend impulse it came back to retest the flipzone which is were the market is at now. If you going to sell this market, look for your bearish confirmation properties.
Trade Reasons
1) Multiple Daily lows in form of liquidity present at 10.13102 areas
2) Structure shift to the downside
3) Possible Retest into the imbalance above at structure(demand & supply) levels
4) Potential +47,500 ticks to be made
GBPUSD has fallen for 4 days so we should be expecting some pullbacks. Perhaps continuation in previous weakness in USD. Some US stocks are still awaiting Rally so weakness in USD should be definitely expected.
