USDSEK, What to do?..If the price will fall to the level rapidly we should open scalp Buy.
But if it will approach slowly don't trade buy, it will become sell possibly.
We should get confirmation before.
The potential profit will be 3 times bigger than the risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
SEK (Swedish Krona)
ridethepig | Remaining Short EURSEK A timely update to the EURSEK chart with 2020 flows entering into play as widely anticipated. Lets start by reviewing the concerning Macro Map in the diagram:
In the longer term, positional swings come down to a struggle between patience on the one hand and greed tendencies on the other. In this all-encompassing battle, economic strategy, though important in itself, will always need the presence of technicals in order to strive for mobility.
I am expecting sooner or later the free-fall to begin and get rid of the early dip buyers.
Good luck all those on the sell side. As usual thanks for keeping your support coming with likes, comments and etc!
ridethepig | SEK Long-Term Macro Map📍 USDSEK Long Term Macro Map
After the " Moment of Truth for SEK " flow, which was so difficult with its own inherent positional issues, the next update here should appear all too straightforward again. Of course a well planned macro flow does not have to last forever; a dollar devaluation swing which only crops up occasionally, in fact can even threaten the 6.80x support.
Some 8 candles later, the flows are following the widely mapped positional forecast. This swing has the clear fundamental advantage from the soft inherent picture in Sweden. Things have not settled down on the virus front which has become quite forgotten by many. Then of course when a second wave occurs in the Northern Hemisphere during the Winter months, the almost forgotten complacency will return, bringing a zig-zag into the initial forecast into the initial 8.20x target.
Dollar seller's last move sees the impulsive swing being instated, for the threat is now the clear advance onto the main targets. It is therefore logically and casually relevant to all G10 crosses to include the DXY maps:
At the point when this was made, Fed was seen as a deer in the headlights via Covid capitulation / flip flop and, with what immense trouble they will have now in achieving credibility after funding the Whitehouse policies in broad daylight!! Watch for the lows next week, its not quite so easy for buyers to dispose of the momentum here: if this happens we may enter into waterfall mode.
USDSEK, Trading plan!The best places for open Buy positions will be above the Mirror Level and above the Support/Resistance Zone.
If I'll se an accurate entry point I will make an update.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
USD/SEK: trading short-entryGrowing divergence after hitting the weekly barrier at 8.5290 suggests sellers are returning again. Expect a breach of the trend line and a correction back to 8.3000, 8.1570 and roughly 8-even over the next days and weeks.
Although the longer term is more or less neutral, broader USD weakness does support an aggressive short-entry strategy.
Near term trend: neutral
Long term trend: neutral/slightly negative
Outlook: correction, moderately negative
Strategy: avoid or aggressive short-entry
Support: 8.3000 / 8.1570 / 8.0050 / 7.8600-
Resistance: 8.4775 / 8.5290 / 8.66+
Outlook cancelled/neutralized: above 8.4775