Chart of the Day USDSEK

USDSEK a bearish breakout

USDSEK has broken below the H&S formation neckline and a strong downside horizontal resistance 9.4600 level. This is opening now a possible downside continuation to 9.2400. Now only a daily close above the 9.5400 level would invalidate the formation break and a downside extension.

ARMAT trading system is bearish

Note: look for the short trade entries with the stop loss above the 9.4800.

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