USDSEK trade ideas
USDSEK: 1D Channel Up. Long.The pair has completed a Higher Low placement within the 1D Channel Up (RSI = 53.586, Highs/Lows = 0.0000). The Higher High process will follow next, so the trade is long with TP = 9.2500.
USDSEK (EURUSD BABY BROTHER)USDSEK often gets overlooked by retail traders as they see this market as having a mind of its own however, this market
can be traded instead of the EURUSD due to its strong correlations. If you use the compare tool in tradingview add this chart
to the EURUSD chart and you will see when EURUSD goes long, this chart goes short and vice versa.
Often the EURUSD can become cluttered and the USDSEK could show clearer trading opportunities.
Technically we have been waiting for price to break the key supporting trendline, price completed this on the Daily chart
and now we are looking for the continued short trades after it re-tested the key resistance at 9.0200.
USD SEK SELL (DOLLAR – SWEDISH KRONA)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.
long - shortthose who are day traders you can expect a little long but i advise that you wait for shorting oppertunities only
a little long position, and a cup full of short positionsas you can se we have weekly and daily patterns and divergence so for those with big accounts you can hold a short position. but for smaller accounts i will post a lower timeframe projection for you
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
USDSEK "Exotics"This pair has completed a 5 wave on the 4hr with a 1.618 extension. It hit a previous supply zone on the Daily. I expect Dollar weakness moving forward.
USD/SEK 1H Chart: Bullish momentum likelyUpside risks prevailed in the market, thus sending the US Dollar 4.25% higher against the Swedish Krona. Half of these gains have erased since beginning of October, as the pair returned near 8.9000.
As apparent on the chart, the currency pair is trading in a short-term ascending channel. Given that the rate is supported by the 55-, 100– and 200-hour SMAs, it is likely that goes upside. Important resistance level to look out for is a combination of the Fibonacci 0.00% and the weekly R3 at 9.2487.
It is the unlikely case that some bearish pressure still prevails in the market, the US Dollar should not exceed the Fibonacci 23.60% retracement at 8.9134.
USDSEK Sell at Supply Zone (Teacup on Multiple time frames)I expect the USD to bring price back up to supply zone then give a good retracement 400-800 pips (which is average daily movement for this pair. I even added a swing TP of 1400 pips. I use 150 pip SL on USEK trades and rely on good risk-reward. SL is above recent wicks on 4H.
Exotic Lover's! USDSEK Possible Resistance Breakout!I was testing yen strength as the EURJPY and GBPJPY are doing nice with there fall USDSEK could better relly upward too. I am saying this cause USDSEK currently has like -0.80 correlation to the EURJPY and GBPJPY. Seeing a weak pound USD is also pulling down the GBPUSD and talking about this pair it is highly positively correlated to EURJPY and GBPJPY so, if it falls hard that's good for EURJPY and GBPJPY short (sell)! And as I said if EJ and GJ are falling what we end up with? USDSEK upward relly right? Eh! Charts show everything I hope you all do understand.
The Key point in Chart.
1) Price trying to breakout the Minor Resistance Level @ 8.98283.
2) Ascending Triangle pattern indicating upward continuation in price.
3) Impulse waves are in uptrend side of the Elliott wave.
4) Fibonacci Extension 38.20% chasing by the price and could possibly chase further higher levels depending on the pair upward strength.
Ok, thank you never mind I don't wanna stretch this post longer. Everything is told by chart itself better just be careful with the news sentiment, concerned +/- correlated pairs activities how they acting in whole and some important levels like those resistance, support etc.
USDSEK - daily double top + test of 200 DMAI took this position again, with a 1:4 RR potential. USD is struggling to further strengthen for a while now, US data came in mixed.
USDSEK Short View, Long termUSDSEK has some bullish evidence, but, seems it will lose momentum soon. It is weak. Anyways; setup will be valid on support line break, ...the trend requires patience.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
USDSEK(daily chart). Possible EW count, Sell the break.USDSEK(daily chart). Possible EW count, Sell the break.
EW5 ABC, Double top, trend_line.
USDSEK | Start of the 5th Wave?Assuming that the 4th wave has just completed and high probability for a 4th wave is between 23.6% and 38.2% of the 3rd wave in an impulsive / motive wave.
Reaction near the 38.2% fib level of the 3rd wave - looks more likely to be a 1 wave of the 5th wave on a higher degree or else a reactionary X wave.
This is purely my opinion.
USDSEK 1H TeacupUSDSEK 1H teacup
Sell limit 8.8816
SL 8.8916 (100 pips)
TP1 8.8666 (150 pips)
TP2 8.8016 (800 pips) (trail SL)
Use small lot size
USDSEK 4H TeacupSell Limit
Entry- 8.9066
SL- 8.9216 (150 pips)
TP1- 8.8726 (340 pips)
TP2- 8.8366 (700 pips)
TP3- 8.8016 (1050 pips)
