SEKUSD trade ideas
Lets see if the trend is your friendStart losing levels of support and we're in the clear
Monthly level lost and confirmed
Short entry already acquired
USD SEK SELL (US DOLLAR - SWEDISH KRONA)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.
USDSEK.. What now? #USDSEK maintains a bullish “triangle” continuation pattern, as well as an existing base from April last year, keeping the risks higher. We see resistance back at the 2016 high at 9.4482,
with potential long-term trend resistance seen at 9.4818, which we expect to cap at first. Big picture though, the “measured triangle objective” is set much higher at 9.6176.
USDSEK - SELLTrendline broken. 20SMA broken, with large momentum candle.
Enter on retrace bar for SELL
USDSEK SHORTPrice has tested the downwards channel multiple times then broke to the upside where it has hit our price zone. price should reverse
targets are...
TP 1 - 9.27954
TP 2 - 9.21655
TP 3 - 9.13943
SL - 9.34018
have a great day guys, please use correct risk management
Usd/Sek Short awaiting. Right guys , I have been on the roll with this move , and it nearly toke 2months ahaha . but as you can see price has broke out from the range with a bullish momentum. So my next trade is to short this when it get the previous high , I know many might be skeptical of waiting till it get to the previous high / if it get there and make a new high . well i don't see the USD getting any stronger to make a 5month move , so i can possibly get 200pips from this .
Keep an eye out guys . one of the trade for 2019. £££
Historical resistance! We hope rebound!FX:USDSEK
En el último año es la tercera vez que toca esta zona de precio, en las dos veces anteriores este nivel fue rechazado y el precio bajó, la resistencia fue fuerte. Esperamos que ocurra lo mismo.
El precio está en los niveles máximos históricos, en pocas ocasiones llegó a este nivel y siempre rebotó en la resistencia.
Agosto 2018: el precio rebotó en la resistencia.
Noviembre 2018: el precio rebotó en la resistencia.
Estaríamos en condiciones de vender en este momento.
In the last year it is the third time that this price zone touches, in the two previous times this level was rejected and the price fell, the resistance was strong. We hope that the same thing happens.
The price is at historic maximum levels, rarely reached this level and always bounced on the resistance.
August 2018: the price bounced on the resistance.
November 2018: the price bounced on the resistance.
We would be able to sell at this time.
USD heading down on SEK1D - Top of trend
1HR - double top, second lower. Lower low, lower high.
Should head short
USDSEK 10 RRR longTrading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line .
4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line.
This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
