LONG USD SEK ON GARTLEY AT STRONG SUPPORT, WEDGE BOTTOM SUPPORT, RSI OVERSOLD
LONG TRADE : Entry : BUY @ 8.2260 Target : 8.6300 Stop : 7.9900 Risk Level : LOW RR ratio : 1:3
Hi all, The USDSEK is not often traded here, but I found an interesting trade setup for this pair. Completion of this pattern is at the point D. This area also has been some support in the past few months. Entry: 8.173 Stop: 8.0117 Target 1: 8.3604 Target 2: 8.526 Target 3: 8.7848 Best of luck!
The ECB news resulted in a large drop in this pair, which resulted in the formation of a cypher pattern. I hope for a relief rally that will bring the pair into my target.
has broken support level look to reach lower support great risk reward
USDSEK should be completing the final leg of the triangle which is a triangle also.
SHORT TRADE : Entry : SELL @ 8.6105 Target : 8.5165 Stop : 8.6575 Risk Level : LOW RR ratio : 1:3
SHORT TRADE : Entry : SELL @ 8.5615 Target : 8.4665 Stop : 8.6205 Risk Level : LOW RR ratio : 1:3
Candles being printed above the wedge to the upside; previously fake-out so a stop at break even will be necessary.
SHORT TRADE : Entry : SELL @ 8.4940 Target : 8.4350 Stop : 8.5145 Risk Level : LOW RR ratio : 1:3
USDSEK set up for a quick pop on the up side, if you're looking for a quick trade for some fast pips this might be a good opportunity, I would not consider it a buy/hold but if you time an entry correctly you can be good for 100-150 pips
Despite the negative rates like JPY, SEK continue to gain. USD is likely to enter deeper correction and this is short with good RR
Buy at current level. Stops below the 8.49 level. Decent R:R obtainable.