Bear Speculation

Short-Term Trading Idea FX USD/SEK – Bear Speculation: Return To Trend Line Trading opportunities for currency pair: after the Brexit, the USD/SEK switched into a correctional phase. I reckon that it will continue until August and the rate will not surpass the 8.7451 maximum. On the road to the trend line (8.1097) the sellers meet two interim levels: 8.3191 and 8.2186. Any fall will be cancelled by a close of the daily candle above 8.5510. Above here we can place a protective stop. Background In March I thought the dollar would…