Chart of the Day USDSEK

USDSEK bounce off the strong long-term support

 

USDSEK is reaching 9.20 a strong support after the ABC flat seems to be finished. This is also long-term broadening wedge support and a bounce off this level is required for the upside reversal. A daily close below this level is required for the downside extension. We need to see price action confirmation for a clear long entry.

 
Note – Look for the long trade entries with the stop loss below 9.15.

 

Quote of the Day

Market swings in waves, upside, dowsnide, accumulation sideways it is your job to find out which will bring you money

usdsek elliott wave analysis

 

PRIVATE LIVE MENTORING SPECIAL ALIGNMENT DATE OFFER $166+ANNUAL MEMBERSHIP. ENDING TODAY!

 

Sponsored by our recommended brokers.

 



Scroll to Top
×