USDSEK
Weekly/Daily/H4/H2/H1: Price is in a downtrend direction and currently approaching a support level which is also a key zone.
30m: In the lower time starting from 30m to 5m I can see price is holding 9.4300 level in a consolidation form and it is forming a triangle wedge in the next few days."
Scenario A: Price could continue to drop until 9.31000
Scenario B: Price might hold the current level 9.43000 in a consolidation form and decide either direction
Scenario C: It could target 9.55600 level and then retrace back to 9.43000 which if it holds again it could rally upward with a possible stop @ 9.67500 and second target @ 9.83100/9.88300. However, if it breaks to the downside, then I think scenario A is the best option.
30m: In the lower time starting from 30m to 5m I can see price is holding 9.4300 level in a consolidation form and it is forming a triangle wedge in the next few days."
Scenario A: Price could continue to drop until 9.31000
Scenario B: Price might hold the current level 9.43000 in a consolidation form and decide either direction
Scenario C: It could target 9.55600 level and then retrace back to 9.43000 which if it holds again it could rally upward with a possible stop @ 9.67500 and second target @ 9.83100/9.88300. However, if it breaks to the downside, then I think scenario A is the best option.
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