USDSEK - 240 - LEt's wait and see
Trade idea.
The pair balancing close its key resistance barrier, at around 9.7590. We would like to see a clear close at least of a 4-hour candle, in order for us to consider a further move north. Even though the rate ha got a chance to move higher, we need to wait for that confirmation.
If USDSEK fails to move higher, we could see the alternative scenario playing out.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
The pair balancing close its key resistance barrier, at around 9.7590. We would like to see a clear close at least of a 4-hour candle, in order for us to consider a further move north. Even though the rate ha got a chance to move higher, we need to wait for that confirmation.
If USDSEK fails to move higher, we could see the alternative scenario playing out.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
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