JPYSEK: This one as well - bearishA huge zigzag in a picture otherwise very similar to JPYNOK. Down we go. I have outlined Fibonacci goals in green, invalidation is in red if shown. This is a hobby to share my ideas with you, so do not take anything I ever say for financial advice. I suggest you learn Elliot Waves and TA by yourself. In my experience Elliott Waves in combination with Fibonacci Retracements/Projections/Time and a momentum indicator of some kind gives results I am ultimately extremely happy with.
JPYSEK trade ideas
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!
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 supply in blue so we will be looking for sell setups on lower timeframes.
on H1: SEKJPY formed an objective trendline in red so we are waiting for a new swing to form around it to consider it our new trigger swing.
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 zone.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
SEKJPYThe overall chart pattern is a bearish Channel.However the trend has shifted with double bottom at 10.6507 of the psychology. A weekly close above the double bottom neckline will expose 12.4075 the 50% Fibonacci retracement zone. There i would be looking for a retracement with a confirmation of candlestick reversal signal to the neckline to confirm the double bottom.
The trend psychology of this pair shows it hardly retest and when it does it does it hard to 61.8% Fib zone.
(Psychology mental model of the pair)
SEK/JPY - SHORTPossible head and shoulder pattern forming.
Look for a breakout and then look for shorting opportunities.
SEKJPY: Buy Opportunity on a 4H Bullish Megaphone.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.
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