38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
POSSIBLE E7 GWAVE Euclidean Structure.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
EURSEK has just broken the trendline on Daily, with a bearish candle has forming below. Stoch is pointing down and is below 50% and the MA's have just crossed. This ticks all the boxes for me to open a trade.
We last posted on the EURSEK on April 25th when price was showing signs of bouncing off an April pivot support.
Price did indeed gather momentum and break through the resistance high of April which is now being retested as support. This retest of resistance-turned-support is very much a natural feature of this trend and one that has brought linearity to the...
We last posted on the EURSEK on April 20th when price had broken above followed by a pull back to the drawn-in pivot support level.
This pivot level so far has held strong and we are seeing strength to the upside. We want to see the momentum to the upside continue and take price through and close above the pivot high of April and ideally in the form of a bullish...
EURSEK was last mentioned in this post after price broke through a resistance level.
Since then price has started to pull back which is a part of trading. If we look at the history of this forex pair, we can see that price tends to use previous areas of resistance as support levels so we will have to see if price will do the same with this recent support...
The EURSEK is new to our blogs but one we do have long positions in play on.
Yesterday, we featured the GBPSEK and the emergence of a possible bull trend. The EURSEK is looking just as appealing with a slightly more advanced setup with price action and hence why our long trades were placed.
Like several currencies that we have highlighted, this currency was...