USD/SEK Analysis, Chart, and Trading Idea as of 26/01/2023

Analytics for USD/SEK Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
 

Bears tested the support level of 10.1726. The descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

Buy at the formation of the ascending wave structure, when the (A) wave breaches the sloping channel of the descending truncated structure;

Stop Loss: 10.1726;

Target price levels: 10.3680; 10.5050.