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USD-SEK

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
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
Daily Analysis on USDSEK by ThinkingAntsOkUse this as a guide to develop your view of the chart. Main items we can see on the Daily Timeframe. a) The main structure the price is in is an ascending channel. b) Currently, the price is on the higher trendline of the ascending channel. c) Remember that Technical Analysis doesn't tell us what is going to happen. Technical Analysis shows us zones in which there is a certain probability that something happens. d) With the previous item clear, we expect a corrective structure on the current level or a reversal movement. What we want to see is the effectiveness of the cloned channel. Enjoy your weekend!
by ThinkingAntsOk
1
USDSEK: Pressure by the MA50. Buy opportunity lower.USDSEK had a strong enough rebound on the July 19, 2019 Support, managing to turn 1D bullish again (RSI = 55.827, ADX = 26.453, Highs/Lows = 0.0481) since November. We are expecting this bounce to accumulate more buyers in the process aiming at the 9.7000 Symmetrical Resistance. Conservative traders may enter a little lower as a pull back is very much possible if the 1D MA50 (blue line) holds. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
USDSEK: Higher Low on 1W. Long opportunity.The pair is trading on a very long term Channel Up on a monthly basis and based on the neutral 1W indicators (RSI = 54.242, MACD = 0.104, Highs/Lows = 0.0000, CCI = -24.9765) is on the Higher Low Buy Zone. This can initiate a potential rebound which makes it a medium term buy opportunity for us. The RSI on the 1D frame has also entered the Buy Zone. Our Target Zone is 10.000 - 10.100. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
3
Bearish Analysis on USD/SEK by ThinkingAntsOk4H CHART EXPLANATION: On this timeframe we observe that price is on a small consolidation at this moment. If it breaks down and the Ascending Trendline is broken, then we will wait for a corrective structure (continuation pattern) like a triangle, pennant, flag, etc. to take this trade. The first short term target is the confluence zone between the Daily Ascending Trendline and the Support Zone at 9.5800 - 9.6000. If this zone is broken, then price has potential to reach the Support Zone at 9.2500. The long term analysis is below on the Daily chart. DAILY CHART EXPLANATION:
Short
by ThinkingAntsOk
USDSEK Daily Head and ShouldersReally like this pattern because it happened at a break of all time new highs. We have had a nice uptrend with higher lows and higher highs. And we can now see that this momentum may now be running out. The swing we are working with is the 9.6050 level. This is the neckline we are using. Once this higher low swing gets taken out, the uptrend by definition is over. We have possibly made our first lower high here too BUT remember we need lower lows to confirm. So many good confluences here for the trade. The lower high would require a break of the neckline nullifying the uptrend. Let us await for a nice close and break below the neckline. To the downside, the 9.48 is one to watch, and then afterwards the 9.3710 zone. Remember. we do have the US Fed decision on Wednesday, so be prepared.
Short
by Uncharted-FX
2
USD/SEK Short Opportunity by ThinkingAntsOk4H CHART EXPLANATION: On this timeframe, price has broke the short term Ascending Channel and the Support Zone. Now we are waiting for a pullback or corrective movement to place sell orders, since it will provide a good zone to place the Stop Loss. The first short term target would be the Support Zone at 9.5400 and it if is broken, then the Support Zone at 9.300. The long term targets are explained on the Daily timeframe below. DAILY CHART EXPLANATION:
Short
by ThinkingAntsOk