Short-term Trading Idea FX GBP/USD – Bear Speculation: Important Events Upcoming

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Trading opportunities for currency pair: the monthly candle has closed the previous two months and will be closing down. The target is 1.4560. Due to the general strengthening of USD and according to the cycle, the pound/dollar’s fall could last until the beginning of March 2016. Since the scenario is a weekly one, it could become invalid if the weekly candle closes above 1.5340.

Medium-term Trading Idea FX USD/SEK – Bull Speculation: Expected Growth to 9.4794

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Trading opportunities for currency pair: a W-shape pattern is just about formed. If the US Fed raises rates on 16th December, the USD/SEK will head to 9.4794. It has until April 2016 to reach the target. The interim target is at 9.3259 (March 2009 maximum). Growth will cancel if the weekly candle closes below 8.4933. Following a rebound from 8.83, I will be waiting for a return to 8.18 along the same W-shaped pattern.

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