Price has found resistence at 7,0397(Monthly R1) and 7,0131(Weekly R1).
- Bearish Probability as a Retracement in the Uptrend on 4H chart, could break Weekly R1 and reach 6,9275(daily pivot maybe confluence with 30 and 50SMA), further 6,9072(confluence between Uptrendline, Weekly Pivot and 100SMA, and 61,8 fibonacci). A deeper retracement could find support at 6,8644(200SMa confluence with Monthly Main Pivot).
- Bullish Probability without retracement would Break the Monthly R1 and reach 7,07(Weekly R2) or even 7,176(Weekly R3) before a Bearish Retrace.
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USD/SEK,Weekly view(16-20.01),4Hours Chart-
Price has found resistence at 7,0397(Monthly R1) and 7,0131(Weekly R1).
- Bearish Probability as a Retracement in the Uptrend on 4H chart, could break Weekly R1 and reach 6,9275(daily pivot maybe confluence with 30 and 50SMA), further 6,9072(confluence between Uptrendline, Weekly Pivot and 100SMA, and 61,8 fibonacci). A deeper retracement could find support at 6,8644(200SMa confluence with Monthly Main Pivot).
- Bullish Probability without retracement would Break the Monthly R1 and reach 7,07(Weekly R2) or even 7,176(Weekly R3) before a Bearish Retrace.