In this situation we have a bull flag that looks beautiful… I took the distance of the pole and copied it. It is funny how the length of the pole meets a resistance at 17246. If price can stay above the weekly 21 MA, there is a good chance for the bulls to continue...
USDSEK has been bullish for some time at its all time high and it looks like the bears will eventually come through
1) First thing I noticed is a clear head and shoulders
2) My trendline was broken by a bearish candle which shows the supply for this pair
3) Looking for retracement and continuation to the downside. Fib level lines up perfectly.. Looking for price...
If you look on the daily time frame, price has been pushing downward towards the major qtr point 200. There is a possible chance that it respects that qtr point, and goes back up to 275 and form a head and shoulders. Any thoughts on this pair?