Entry @ break of second waves 0.618 retracement Stops @ new low below first waves 0.618 retracement or below 0.500 retracement (multiple violation of strong supports) based on preference Target @ first waves -0.272 level (third wave completion), or alternatively at previous high. After 3 failed tests price broke out from range and in spite of returning a second...
Being long term trader(position holder/trend trader), you don't need to worry what's going to happen the next day and the day after. Here is my prediction on what EURSEK might do over the coming months and probably years. This idea is based on technical analysis.
As predicted, it found support on the previous high-trend line. SEK is releasing 'Industrial numbers in within the half hour, also EUR is releasing PMI within the hour. Depending on the released numbers, I strongly believe EURSEK is a long. Buying volume seems much stronger than selling. No cash build to be seen the last week. If it breaks above the 200MA (orange...
Price come back to Demand Zone, create divergence at D1 TF and starting UP.