Short USDSEK @ 9.72562; TP @ 9.52713, SL your choice
Swedistan was in the news, an american rapper with millions of fans got assaulted after he dared to walk into a "no go zone" (those are areas under islamic flag), he ended up in a fight with muslims that control the area and got sent to jail and was facing possibly multiple years in jail. The US president even asked Swedistan to free him or there would be...
Pattern: Channel Down on 1D. Signal: Bearish as the price made a new Lower High rejection. Target: 10.43000 (top of the 1D Support Zone).
Pattern: Channel Up on 1W. Signal: Bullish as every time the price broke below the MA50, it always stayed supported above the previous low. Target: 9.6500 (just below the 1D Resistance).
Not going to enter into details about Sweden. Sweden central bank "Uh we have no idea why our currency is falling and why our economy is falling behind" duuuuh! Am already shorting it via EURSEK & added a bit with USDSEK, have a limit order at that green level. If I am in the green on EURSEK & add on USDSEK as it goes does can I call this adding to my...
EURSEK made a double bottom, looking at the weekly and monthly charts we can see that after breaking multi year high it retested it. The trend is obviously bearish on the Krona. Buy the dip... Sweden economic future is grim. The price managed to break the first resistance and make a bull flag. If it breaks the second one it could easilly go retest this decade...
The pair is neutral on 4H (RSI = 51.094, STOCH = 45.249, ADX = 19.312, Highs/Lows = 0.0000) as it is on the median of a Bullish Megaphone pattern. Having made contact on a Higher Low last week, we are expecting a new Higher High. Long, TP = 11.550. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments...
Crude Oil Bought and got stopped. I am now looking for a retest of the lows to get in. Am seeing it make a double bottom and rallying. I think the shorts covered. Sellers are out. Those that shorted previous support turned resistance around 65$. Time for buyers to step in. Especially if the price goes to test the lows slowly. But the right way, not like trending...
Last post: May 3rd 2018. See chart . Review: Price broke above the previous all-time high. Update: Price has remained above this level and heads towards the 10.0000 round number. Conclusion: As price approaches the major round number we will need to wait and see how price will react once it gets there. If it breaks through then we should see more strength...
1. 10 flat rate might be psychological resistance 2. 2 Possible bullish targets at the 1.272 and 1.62 * Wave 1. 2. Things are heating up in the States, we will see how long it will last. 3. Global growth rate slowdown (particularly the EU(Italy, Spain, France) Turkey, China, Canada, Australia) will catch up onto the States in the near term. There's a good chance...
The pair is trading within a 1W Channel Up (RSI = 71.320, MACD = 0.168, Highs/Lows = 0.2551) since the start of the year. Recently a new aggressive bullish leg has been initiated on 1D (RSI = 70.181) which aims at a new Higher High for the Channel within 13.2000 - 13.3000. Note that the very same 1W Channel Up was traded from September 2017 - April 2018. **...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
ING bank keeps spreading fear about the SKrona. "Their central bank is dovish, will put it under pressure". They announced yesterday they reached their targets of 10.60, this could be when every one takes profit. On the higher time frames, we can see there is a resistance in this area, might be a little higher depends how you draw it, but it is approximately in...
The pair successfully made a Higher Low within the 4H Channel Up (RSI = 57.295, MACD = 0.008, Highs/Lows = 0.0000) and at the moment is bouncing back up. Our estimate for the next Higher High is 6.2020 but we'll use a more moderate TP = 6.1800. However this time it will be face heavy Resistance at 6.1250 which is the Resistance of the 6.0495 - 6.1250 High...
The price is trading on a stable 4H Channel Up (RSI = 68.273, MACD = 0.025, Highs/Lows = 0.0242) and is approaching the patterns potential Higher High ~6.1250, which also happens to be the Resistance on 4H. This combination creates an optimal sell opportunity on a very short term basis, TP = 6.0600. ** If you like our free content follow our profile...
The pair is trading inside a Channel Down on 1D and the current neutrality (RSI = 47.632, Williams = -49.587, CCI = -47.5862, Highs/Lows = 0.0000) indicates that a Lower High level has been reached. Based on the previous Lower Low measurements, we are short on EURSEK targeting 10.07000.
The pair has completed a Higher Low placement within the 1D Channel Up (RSI = 53.586, Highs/Lows = 0.0000). The Higher High process will follow next, so the trade is long with TP = 9.2500.
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.