USDSEK (EURUSD BABY BROTHER)
USDSEK often gets overlooked by retail traders as they see this market as having a mind of its own however, this market
can be traded instead of the EURUSD due to its strong correlations. If you use the compare tool in tradingview add this chart
to the EURUSD chart and you will see when EURUSD goes long, this chart goes short and vice versa.
Often the EURUSD can become cluttered and the USDSEK could show clearer trading opportunities.
Technically we have been waiting for price to break the key supporting trendline, price completed this on the Daily chart
and now we are looking for the continued short trades after it re-tested the key resistance at 9.0200.
can be traded instead of the EURUSD due to its strong correlations. If you use the compare tool in tradingview add this chart
to the EURUSD chart and you will see when EURUSD goes long, this chart goes short and vice versa.
Often the EURUSD can become cluttered and the USDSEK could show clearer trading opportunities.
Technically we have been waiting for price to break the key supporting trendline, price completed this on the Daily chart
and now we are looking for the continued short trades after it re-tested the key resistance at 9.0200.
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