The_Cannalyst

Again a Long Chance after the ugly Shakeout?

شراء
The_Cannalyst تم تحديثه   
FX:USDSEK   دولار أمريكي / كورونا سويدية
20
After the ugly shakeout a few days agao, the situation has chilled out, and my former analysis turns valid again. I see a chance with a stoppbuy near above the last high at 8.38. Above that level, my former Target is abundantely valid again

USDSEK - SL INSTALLATION TO SECURE YOUR PROFIT


CAN USDSEK REENTER THE TRADINGBOX OR WILL THE SELLOFF GO ON?

here i wrote:
The pair is trading sideways since march 2015 . The tradingbox covers from 8,05 (Buying Zone) - 8,77 (Selling Zone)
This week we see a Breakout on the downside. The Pair left the tradingbox, the former Supportzone turned into a possible resistancelevel.
IMO the Zone between 7,85 - 8,2 seems to be neutral - here i don`t think a trade makes sense.
As Long as the Pair is trading below the mentioned box, the Szenario is clear bearish!

3 trading- ideas:
LONG:
If usd/sek0.01% can reenter the tradingzone, the possible upmove can rech to the tradingboxs upper edge at 8,77. For this Szenario 2 trades are thinkable:
-Cyclical Long-Setup (reduced risk): stoppbuy at 8,17, SL 7,88 TP 8,77
-Anticyclical Long Setup (risky): Entry at the actual Level, same SL, same TP

Short: Stoppsell below the last LOW at 7,85 (and below the 38,2 fibo), SL 8,17/ TP 7,2

-------------------------------------------------------------------------------------------------------------------------------------------

Both long setups were good ideas.
-If you have opened the cyclical long, it is obvious to install a SL to secure the trade. IIMO i would prefer a stopp near below the last low below your entry-points, for example at 8,11.
- If you have opnened the anticyclical Position it is obvious th install the sl close below the trading box, for example at 8,03


تم فتح الصفقة
أغلقت الصفقة: تم الوصول للهدف:
wowwwwwww
إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.