USDSEK: Last chance to go long

Feb 3, 2017

USDSEK has traced a sharp decline, correcting the recent breakout. Now it appears to have bottomed against a low volume support level, so we can start to go long here. You can buy gradually over 5 days, or risk buying when price breaks above a previous day high, with stop at the lowest low here.
If we happen to break down and move past 8.5479, I would be tempted to assume that the long term dollar uptrend is failing, and we can expect a massive selloff in the dollar accross the board.

Good luck,

Ivan Labrie.

Feb 3, 2017

Note

Good confirmation of a bottom so far.

Feb 4, 2017

Note

Despite the up and down action, it's still holding. I like EURSEK a bit more than this now but both should be bottoming here I think.

Feb 6, 2017

Note

Looks perfect...crossing fingers.

Feb 7, 2017

Note

9,22 should be hit soon. Let it cruise.

Feb 13, 2017

Note

Nothing to do here, hold.

Feb 14, 2017

Note

4h traders are in control of the trend currently. Once we get a consolidation in the daily, we can form a larger daily signal, but not for now.

Mar 3, 2017

Note

I'd be careful here. Either exit, or hedge dollar exposure if long. A GBPUSD or AUDUSD long is attractive. Risk 1-3 average ranges down in the daily.

Mar 28, 2017

Trade active

It's been following the trayectory I had outlined. You could reenter the long trade here.