In this blog, we will take a look at the recent price action of USDSEK since we published the short-term view for this pair in Pair was showing an incomplete sequence down from 10.9.2019 (9.964) peak against 11.13.2019 (9.765) and was calling for more downside toward 9.3527 – 9.2549 area. The initial decline from 10.9.2019 (9.964) peak to 10.24.2019 (9.5544) was impulsive so we expected the decline from 11.13.2109 peak also to unfold as an impulse. Let’s take a look at the chart from 12.6.2019 when we showed the pair was close to ending red wave 3.
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USDSEK Forecasting The Decline using Elliott Wave
USDSEK Forecasting The Decline using Elliott Wave
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