Open trading account 
The previous USD/SEK setup i posted is still valid:
- Long Term: The pair USD/SEK is ranging on all major timeframes. We have a Long Term sideways movement since the low of April 2011 with top at June 2012 high.
- Medium Term: Also ranging. We are in a sideways movement since the low of February 2013 with top at July 2013
- Short term: Since November 2013 high, we can see a downtrenf on this timeframe. The current low of this trend is at the support zone 6,40. Maybe this trend is over, will see if price goes at least to the previous swing high of this trend at 6,60-6.62 area
yesterday I closed my long position because I expected some USD short-term correction.
In fact today its correcting and USD/SEK price is already on short-term support area, and now maybe forming a short-term inverse head and shoulders which needs confirmation. I re-entered, a little early because now I'm negative, will see what happens next week :|
have a great weekend
- Long Term: The pair USD/SEK is ranging on all major timeframes. We have a Long Term sideways movement since the low of April 2011 with top at June 2012 high.
- Medium Term: Also ranging. We are in a sideways movement since the low of February 2013 with top at July 2013
- Short term: Since November 2013 high, we can see a downtrenf on this timeframe. The current low of this trend is at the support zone 6,40. Maybe this trend is over, will see if price goes at least to the previous swing high of this trend at 6,60-6.62 area
yesterday I closed my long position because I expected some USD short-term correction.
In fact today its correcting and USD/SEK price is already on short-term support area, and now maybe forming a short-term inverse head and shoulders which needs confirmation. I re-entered, a little early because now I'm negative, will see what happens next week :|
have a great weekend
