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SWEDISH KRONA / U.S. DOLLAR

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SEKUSD trade ideas

USD|SEKMost of the information is given in the graph. Fast overview: The upside triangle should result in an increase from 8.66 to 8.84 for two to three weeks. Next, there are two possible developments: the first is that the price will go further, to values around 9. At this point the paths are also divided. The price can enter the channel formed by two resistance - support lines and continue in the horizontal (this scenario is not considered here). The second option is the completion of the formation of the pattern BAT at this level and planned pullback down to the values of 8.50. Not a finance advise;) This is my personal point of view.;)
Long
by davidychskr
USDSEK Wave X ?BullishQuite likely. We are in a general bearish pattern on this one, now in respite. The latest set of waves do not for a 5 wave impulse in my opinion. It just doesn't have the look, let alone fulfill the extension rules of EWT. It is more in line with "double two" that Mr Elliott described so many years ago. I am willing to put a number of fibgoals, more based on the huge zigzags preceding these short, small spurts of growth. As always, this is not financial advice, so please do your own research.
Long
by Rykin_Capital