USDSEK: Pair May Retrace Short

U.S. Dollar/Swedish KronaFXCM

Description

⋅ Feb 4, 2020 2:12 PM

Swedish krona reached a strong level of resistance.

Bulls look exhausted and rsi is strongly overbought + we see a nice sequence of rejection candles.

I believe that the pair may retrace before going further.

Target levels: 9.54 / 9.42

Comments

VasilyTrader

⋅ Feb 4, 2020 2:13 PM

Are you bearish on Swedish Krona?

candleshark

⋅ Feb 4, 2020 4:00 PM

@VasilyPonomarev, yep sold @9.51