SEKUSD trade ideas
SHORT IDEA - USD-SEK, resistance possible false breakout!Hi,
This is my first post here on tradingview.
My idea is that there is possibly a false breakout of resistance on the 4hr time frame. Alongside following a downtrend channel.
I will wait for a close below the resistance line to then look for shorting opportunities.
This is only a suggestion.
$USDSEK forming pennant.Looks like this pair forms another pennant which is finding support on 100ma. If breaks below we might observe 9.39xx levels aligning to 450ma and YPP. If breaks above will bring the price easily to 11.2x which is fib extension from the previous low of 9.30.(although the pennant breakout rule suggest that we should look for 10.95, extension from 9.30)
Btw my last trade on this one was stopped under the 100ma. :(
Please use SL or hedge and consider your own research.
USD/SEK MULTI-TIMEFRAME ANALYSIS Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
USD/SEK : H4 Triangle.. Bearish outlook
Overlapping H1 and H4 clouds . Lagging span H4 and H1 below clouds.
Daily view : Obstacles on the upside of the lagging span.. Price under the cloud. We can expect the BEAR will wake up..
USDSEK Wedge patternHere we see a wedge pattern forming on the USDSEK. Entry long and short are marked by the red dotted line. Get you some
Targets on USD/SEK shortHere are 3 untested levels you could target if you're already short on USDSEK.
USD/SEK Long Trade - Entry 10.05841Stop Loss = 9.85552 / Take Profit = 10.66606 > Coupled with a 1% risk with 3% reward.
Once the trade reaches a 2:1 point move SL in front of opening at a 1:1 point to mitigate risk.
Keep Chasing that Paper!!!
$USDSEK long. I opened long trade on $USDSEK with SL 9.85475 and TP 11.21512.
Good luck and use SL or hedge your positions.
Usd Sek Long - Next target at 13Hi Guys,
if the breakup of the horizontal resistance will be confirmed over the next week, we can project a new monthly target at 13.
Thank you,
Simone
