Eric Morera

USDSEK Started Wave 5 From The Blue Box Area


In this technical blog, we will look at the past performance of 4 hour Elliott Wave Charts of USDSEK. In which, the rally from 07 June 2021 low unfolded as an  and showed a higher high sequence. Therefore, we knew that the structure in USDSEK is incomplete to the upside & should see another leg higher to complete the impulse rally. So, we advised members not to sell the pair & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

USDSEK 4 Hour Elliott Wave Chart

Here’s 4hr Elliott wave Chart from the 1/13/2022 update. In which, the rally to $9.1859 high ended 5 waves from 10/29/2021 low in wave (3) & made a pullback in wave (4). The internals of that pullback unfolded as  where wave A ended in 3 swings at $9.0025 low. Then a bounce to $9.1494 high ended wave B & started the next leg lower in wave C towards $8.9678- $8.8547 blue box area. From there, buyers were expected to appear looking for new highs ideally or for a 3 wave bounce minimum.

USDSEK Latest 4 Hour Elliott Wave Chart

This is the latest 4hr Elliott wave Chart from the 1/27/2022 update. In which the pair is showing a strong reaction higher taking place, right after ending the flat correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area.

If you are looking for real-time analysis in USDSEK along with the other forex pairs then join us with a  for the latest updates & price action.

Success in trading requires proper risk and money management as well as an understanding of Elliott Wave theory, cycle analysis, and correlation. We have developed a very good trading strategy that defines the entry.

Stop loss and take profit levels with high accuracy and allow you to take a risk-free position, shortly after taking it by protecting your wallet. If you want to learn all about it and become a professional trader. Then join our service by taking a .


#elliottwave #trading #usdsek

Elliott Forecast
Elliott Forecast (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions. 

Eric Morera

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