Traders, Bulls are around at the key action level. Rounded bottom at the long term support sideways trend line and the morning star signal showed us graphically that investors have acknowledged this level, and will be taking price higher. ---Interested in joining my professional signals group, or receiving my professional online trading tuition? Message me here...
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After a Bat Pattern and a Shark Pattern with perfect PRZ at 0.886 we are now at the 0.618 retracement area with a PRZ on the green box + divergence going for some bounce Let see Thanks for clicking the like button. In case of another view, questions or comments ? share it with pleasure More ideas following. Click the follow button to keep updated when I publish...
LONG TRADE : Entry : BUY @ 9.3170 Target : 9.4000 Stop : 9.2700 Risk Level : LOW RR ratio : 1:3
Here are the key points for this chart of EURSEK: - Trend. Based on the blue pitchfork I find the trend still UP, albeit suffering from a severe correction. - Support. The falling price has found support on the 50% retracement (9.36575), which happened to be just above the prior high (9.35238) and a bit below 161.8% of the prior down swing's range size. The range...
Good morning traders, I´m attempting an small long on EURSEK . Be careful with the size of this position because this pair is highly volatile . From a fundamental stand point, yield diferentials between Euro vs Sek support this trend. Technically the move above 200 MA , and upside breakout of the triangle favours a bullish scenario. 6 Trading Rules : 1. Never...
Long trade in sight but not before the pair produces a retracement towards the cloud. It will be supported by the Kijun and the flat SSB + a thick cloud. General Ichimoku : lagging span above price, above cloud = bullish. Price is above its cloud and consolidating a bit (green candle, followed by an immediate "counter" red candle) This pair is volatile with long...
EURSEK has arrived at a trend channel top and a resistance level. It looks like it wants to break out, so watch for that. In that case the target would be the next resistance around 9.39. There have been earlier fakeouts, so would give it a day or two closing above the trendline around 9.3. If EURSEK does not break out in the next days then it will probably just...
First of all, essential information that affects this pair: Central bank officials have tried talking the currency down to little avail. The central bank warned on December 30 that it could intervene. At the end of last year, the euro was at eight-month lows against the krona (`SEK9.12). The Riksbank is steeping up its efforts. (www.marctomarket.com) See...
Will watch EUR/SEK, USD/SEK closely coming days