USDSEK: Last chance to go long

USDSEK has traced a sharp decline, correcting the recent breakout. Now it appears to have bottomed against a low volume support level, so we can start to go long here. You can buy gradually over 5 days, or risk buying when price breaks above a previous day high, with stop at the lowest low here.
If we happen to break down and move past 8.5479, I would be tempted to assume that the long term dollar uptrend is failing, and we can expect a massive selloff in the dollar accross the board.

Good luck,

Ivan Labrie.

تعليق:

Good confirmation of a bottom so far.

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Despite the up and down action, it's still holding. I like EURSEK a bit more than this now but both should be bottoming here I think.

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Looks perfect...crossing fingers.

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9,22 should be hit soon. Let it cruise.

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Nothing to do here, hold.

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4h traders are in control of the trend currently. Once we get a consolidation in the daily, we can form a larger daily signal, but not for now.

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I'd be careful here. Either exit, or hedge dollar exposure if long. A GBPUSD or AUDUSD long is attractive. Risk 1-3 average ranges down in the daily.

تم فتح الصفقة:

It's been following the trayectory I had outlined. You could reenter the long trade here.