Possible short-setup in USDSEK
USDSEK has now retraced 61,8% since the bottom mid-august. At current leveln (8,56), we also face some resistance. A rejection from current levels, should provide a great risk-reward setup for a short position.
Trade setup: Short from 8,56 area with stop if we close above 8,60 on daily basis. Target 1 is set at 8,48 and target 2 at 8,42.
Play safe!
Trade setup: Short from 8,56 area with stop if we close above 8,60 on daily basis. Target 1 is set at 8,48 and target 2 at 8,42.
Play safe!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.