USDSEK Buy Signal

Pattern: Channel Up on 1M.

Signal: Bullish as the price is near the Higher High zone. Also every time the price broke below the 1D MA50, it always stayed supported above the previous low, which delivered a rebound to a new Higher High.

Target: 10.04400 (+0.73% from last Higher High) and 10.20000 in extension (+8.00% as per the increase that the last bounce on a Double Bottom delivered).


* See how well this pattern worked last time:

https://www.tradingview.com/chart/USDSEK/fJwcI9Ai-USDSEK-Buy-Signal/