SEKUSD trade ideas
USDSEK Probably it will start to sell from next week monday since DXY(base currency) almost done going up
Potential short retracement on USDSEK Price may retrace before resuming uptrend. Nice opportunity. Goodluck!!
USD SEK might retraceUSD SEK has been on a nice up-trend, but will most likely retest major supports before continuing to propel up.
[USDSEK] ...if channel breakout ....we will sell the pair after rebound. Follow our updates in the section below...
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USDSEK - Pure technical perspectiveEyes on SEK bottoming out in a larger Head & Shoulders pattern. Keeping an eye on this market closely where we will add directional exposure to the downside on a break and confirmation of the pattern.
We are currently net short NOK against a basket of currencies.
USDSEKWell, the analysis says it all. bearing potentials on this pair. I predicted favourable moves , however, no guarantees price will respect my opinion. G.Luck !
Short trade on USDSEKI'm hoping for a nice long term short trade on USDSEK with a double top formed on daily chart and reversing on hitting resistance
Selling at 9.65600 with SL at 9.66100
1st TP 9.53767
2nd TP 9.30600
SELL USD/SEKWE ARE IN THE C WAVE DOWNWARD AS PER ELLIOTT WAVE PRINCIPLE, WE ARE EXPECTING THE PRICE TO REACH 9.4675.
USD/SEK will breakout from a major resistance lineThe pair will breakout from a major resistance line, sending the pair higher to retest its previous high. The new Minister for Information Technology of Sweden, Anders Ygeman, stressed his worries about the dominance of Huawei in Europe. The Chinese technology giant has been leading the 5G rollout and the US has no alternative for it. On May 2019, US President Donald Trump accused Huawei of spying for the Chinese Communist Party (CCP). He called his allies to ban the company but only Australia commits to it. Finland’s Nokia and Sweden’s Ericson haven’t received any backing from the US either. Despite this, Sweden is still reliant to the US defense. In a recent Survey, Sweden ranks second among the 29 members of the US-led NATO (North Atlantic Treaty Organization) alliance. 63% of Sweden see the alliance positively, while Poland who takes the top spot at 82% was the most satisfied among the NATO members.
SHORT SELL on Resistance zone on H4 timePlease support this idea with LIKE if you find it useful.
Entry Price: 9.6677
TP1: 9.59865
TP2: 9.55465
SL: USDSEK 9.68534
Reason: It is strong Resistance.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
USD/SEK Buy/Sell ZonesThe green line is a breakout zone for a buy and the red line represents a sell breakout happy trading :)
USDSEK short at 9.66 with target 9.003
the importance of this pair is that its a good indicator of the DXY future direction
best wishes
Nidal Al-zubaidi
USDSEK DAILYAnother head and shoulders can show that what happening in the monthly could be a head and right shoulder
