USDSEK- Bearish TrendAccount size : 10000
Lot Size: 0.23
EP : 11.04974
SL : 11.09856
TP 1 : 11.0009
TP 2: 10.9521
USDSEK trade ideas
USDSEK SELL OPPORTUNITYHello traders, as we see after the market broke our previous low with a massive downtrend impulse it came back to retest the flipzone which is were the market is at now. If you going to sell this market, look for your bearish confirmation properties.
USD/SEKHi you can short USD/SEK but that is short term and if it close and confirm above 10.6 you should get out ........your target is 10.41
Good luck
USDSEKPossible Trade IdeaTrade Reasons
1) Multiple Daily lows in form of liquidity present at 10.13102 areas
2) Structure shift to the downside
3) Possible Retest into the imbalance above at structure(demand & supply) levels
4) Potential +47,500 ticks to be made
USDSEK return to previous SupportGBPUSD has fallen for 4 days so we should be expecting some pullbacks. Perhaps continuation in previous weakness in USD. Some US stocks are still awaiting Rally so weakness in USD should be definitely expected.
4H analysis show the trend is bullish4H analysis show the trend is bullish. This idea only for educational purpose.
Exotic pair exotic tradeThe pair is poking the upper vortex and I see in other pairs that dollar is getting strong and the stock market may drop sharply. I don't know if is going to break up this time but if is rejected is highly probably that is going try again and before another attempt I would open another long position.
USDSEK: Head and Shoulders at the PCZ of a Bearish ABCDUSDSEK is trying to confirm a Right Shoulder of a Bearish Head and Shoudlers Pattern at the PCZ of a Harmonic Bearish AB=CD. If it is able to goback down from here and break through the neckline then we could see action similar to what we saw on the EURHUF.
USDSEK under pressure!We've recently seen USDSEK consolidate in a descending triangle after a sharp drop from 10.55 highs.
Sellers have been gaining traction as seen from the lower highs each time buyers have bought the 10.23 support.
Market has now broken below 10.23 support and if we get a rounded retest we could see sellers fully dominate and the descending triangle pattern plays out to 10.04 lows.
One for the radar!
usdsekusdsek looks like having completed wave 1 in wave 5 .we can now form wave abc correction before wave 3 in wave 5 .
NFA DYOR
Emerging market currencies to outperform G10 in 2023With the global economy showing more resilience and the Fed slowing its pace of tightening, we believe EM currencies can outperform relative to G10 peer currencies this year. Attractive real yields should result in market participants accumulating exposure to developing currencies, while our assumption for contained banking sector stresses should lead to improved risk appetite.
USDSEK Failed Break Down. Return of the dollar? So, have you been keeping an eye on the USD/SEK pair lately? It's been pretty interesting to watch. Even though the FOMC meeting had an impact on the pair, it didn't completely break down. In fact, there's a buy signal on the daily Stochastic, which suggests that the pair could be turning bullish.
What's even more exciting is that the USD/SEK pair is currently trading above the trendline that began on January 23. This is a good sign for those who are bullish on the pair.
So, what does all this mean? Well, it looks like the USD might be making a comeback against the SEK. It might be a good idea to take a long position in the pair, with a stop-loss set below the trendline for protection.
Of course, as with any trade, it's important to keep an eye on the market and adjust your position accordingly. But overall, it looks like there could be some potential for profit here.
How to close out the Trading week 1,000 Pips Caught (USD/SEK)This week New was the beginning of the great volume I've missed seeing in a while trading USDSEK in 2023 Currency markets.
The last three trading days have been Short trades during London session and U.S. session conversion which led to three consecutive trading days shorting during this time.
Instock traders :Jrow in this scenario have put himself in great positions this week trading successfully.
Trader IG: Jrowbee
Trading Co. IG: INSTOCK247365
USDSEK sellMarket has broken below the horizontal line suggesting that price action is due for a temporary reversal of the most current bullish push. Market bias is short term Sell.. Target is shown
Sunday USD Currency outlook Market analysis of currency markets.
The Main driving force of the U.S. Dollars currency is the DXY symbol, this; U.S. dollar Currency Index is the base of one of the most powerful currencies in the world.
In this video Instock Chartist Jrow demonstrates how a Sunday at the office with a view overlooking Southside Wal streets firms Currency sector.
USDSEK Trading The Corrective CycleIn this update we review the recent price action in the USDSEK and identify the next high probability trading opportunities and price objectives to target
USDSEK: Possible reversal around 10.7USDSEK is likely to pull back if the pair moves higher near 10.72. As long as USDSEK trades below 10.818, the outlook remains bearish within the first half of 2023.
Resistance zone = 10.726, 10.748 and 10.818
USDSEK: Elliott wave triangle is pointing down Despite some slow down of inflation in Sweden, this one looks to be ready to break down from a triangle soon. If FED dissapoints to bring more hawks after US PCI miss last week, I think this one can easily break down into a fifth wave.
LOOKING TO GO SHORT ON USDSEKWe can see price came down impulsively and begins to range, (bear flag formation), will look for an entry on the third touch on the resistance of the flag for short
