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SEK

ridethepig | SEK for the Yearly Close📌 SEK for the Yearly Close In general the following flows are working flawlessly, sellers have recaptured the control and are bringing about a lot of pressure on the main macro targets issued at the beginning of 2020. One indication of the weakness is clearly the USD devaluation, and is represented by the attacking side rushing to SEK. Introducing some layers to time for this just as an example for reference points using Gann, it is strategically interesting to see Feb 2022 as it is also a panic cycle in the dollar according to my models. The buyers are hanging by a thread, they are having trouble trying to pay their debts and will have to convince the creditors. 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. Thanks as usual for keeping the feedback coming 👍 or 👎
Short
by ridethepig
1
SEKJPY Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: SEKJPY is sitting around strong resistance in blue so we will be looking for sell setups on lower timeframes. on H1: SEKJPY formed an objective trendline in red and a head and shoulders pattern so we are waiting for a momentum candle close below its last swing and neckline to sell. Trigger: Waiting for a momentum candle close below the gray area to sell. and until the sell is activated, this one would be overall bullish and can still dive inside the blue resistance zone. As price approaches our lower green support, we will be looking for buy setups. Good luck!
Short
by TheSignalyst
2
A system for speculationThere are seven ways to improve the art of speculation. Latest cheatsheet: 1. 🔎 Find your price driver - build a macro argument based on probabilities How good is the quality of the price driver? If I look at the BOE and ECB, how wide is the divergence? We are looking for chalk and cheese, opposites attract. 2. 🖐 Execution is important - most get stopped out where they should enter The key to great execution is being able to assess market participation and price action. 3. 🛠 Start small and leverage winners - from one brick build a house Reverse engineer the retail blow ups! Start with a core unit, when it starts to pay, and the drivers are working, you can add some more. Treat it like a business! 4. ❓ Has anything changed - reassess trades everyday at the roll Don't think about the chart here, focus on the macro drivers. Are negative rates still in play for BOE? or have they changed their view on No-deal countermeasures? 5. ⛓ Remain nimble - do not get married to a position If we don't like what we see, if BOE turns hawkish, then we can just take the position off. Understand where is enough and admit where you are done. 6. 💫 Stay in the moment - perception matters more than reality If you can understand and outguess how perception will change, then you will be very profitable. Where's the sweet spot? How is the market positioned? 7. 😬 A life and death showdown - everyday is high noon in the markets Market participants are profoundly into the game. So much so that everything else in life seems unimportant. Threadneedle Street becomes the world as your opponent will keep trying to outmanoeuvre.
XEducation
by ridethepig
5
Swing Trade Idea on USDSEK by ThinkingAntsOkMain items we can see on the chart: a) The price has been on a bearish trend since MARCH 2020 b) Currently, the price is below a previous Support zone now working as a resistance c) The main style of the strategy we are showing here is looking for previous situations at the same level and use them as models for possible resolutions on the current scenario. d) Based on that, we think that if the price breaks below the Daily structure, we have freeway towards the next support zone at 7.9 e) In case the price keeps rising, we will cancel the setup f) This is a Swing Setup meaning that the resolution can take several weeks or 1 to 2 months.
by ThinkingAntsOk
GBPSEK bounce on a weekly support 🦐GBOSEK has recently bounced on a weekly support, Market started a retracement move from the daily discending channel in a higher high higher low. Price broke the discending channel and currently breaking the daily resistance. Accroding to Plancton's Strategy we can set a nice long order ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
1
USDSEK ranging for a possible retracement 🦐USDSEK is close to a weekly resistance. Market is currently renging between 2 structure and after a long bear move there is the possibility to see a retracement. Price currently broke the inor channel and is testing the support structure. IF the market will break and close above the weekly structure, at the restest of it, we can set a nice long order according with Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
6
EURSEK attempt to break support 🦐The market on the daily chart is inside a descending channel and recently created a bear flag that retrace from the previous move till the 0.618 fib level. Currently the price tested the 4h structure and made few attempt to break it. If the market will manage to break and close below it we can set a nice short order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
1
Simple rules to understand Supports and Resistances behaviour The idea of this post is to use this current scenario to provide an idea of how to work with clear Support and Resistances zones. a) LOOK AT THE PAST: What we mean by this is to look for zones that you can define as reversal areas (support/resistance), this must be Evident if it is not then you should not be paying attention to that chart b) Once you have found a situation in the past that is clear enough, you can think that similarities may happen to the current scenario, For example, we would say something like: The price will reverse towards a similar level as it happened on the past c) Be ready to be wrong: We don't know what the price is going to do precisely, BUT we can assume two situations, either will break a level, or it will reverse on a level. Let's take the previous support zone as an example. We had an evident support zone, and the price dint reversed there, BUT the price stop for a while. so we can make a rule like this: -IF the price breaks a clear support/resistance zone; first, it will tend to stop there and make a sideways movement for a while before continuing -IF the price reversed on a level, I should see similarities to previous situations, and I can use it as models to follow and wait for triggers or signals that I saw worked before d)LAST RULE: The price moves between specific Support and Resistance zones following the previous 2 ideas about breaking a level or reversing on a level / Take a look how the price broke the last zone support, making a sideways movement first. After that, the bearish movement continued and now has reached the next support zone, there we should think again that both scenarios can happen, and just react to the more evident one.
Education
by ThinkingAntsOk
3
GBPSEK Long / Buy - Double BottomReasons I took this trade: - Double bottom formed on the larger timeframe / Bounce of strong resistance. - Pair is oversold on many timeframes. - Tight stop loss / Good R:R (Risk:Reward Ratio) - Strong BULLISH candle on 1h timeframe ( Piercing Line Pattern & Possible Bullish Hammer ) - MACD crossover Entry : 11.44453 (roughly) Stop Loss: 11.39150 TP1: 11.54250 TP2: 11.65475 Please check against your own analysis BEFORE taking this trade and make sure you are happy to enter. Open to any critique or advice :)
Long
by robertofiorentino9
GBPSEK short every chance u haveHey there! Very simple setup explained in the chart, just keep shorting until the pair says otherwise. Simple. If the pair closes above resistance look for better opportunities. If you have any questions please leave them in comments. Did you like the idea?? Give us a thumbs up!! Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become better. Remember that trading is only part of your life. Do not spend all day in front of the screen!! Surf, Trade, Live!!
Short
by MicKi