Everything is lining up nicely for a potential long position on this pair. Price has just bounced off previous support/resistance, its a round number too (1.35) which is always a good indication of a strong level. I think this pair will move up and bounce off the trendline before heading back down for some bearish action.
Price seems to be bouncing between support and resistance. Waiting on stochastic to face upwards before placing a trade around the 1.8000 mark. MA's should of crossed over by then too. Could see a move of 176pips to the resistance line
Stoch pointing upwards, I think ma's will cross by mid week next week, a bullish hammer was formed yesterday. I will be looking to enter between 0.698-0.700, depends how things have lined up. Will maybe see a 200pip movement, upto the next resistance level.
Stoch pointing up, MA's about to cross, bounced off the channels bottom trendline. Alert set for when it moves a little higher as things should line up a little better then. I think we will see a move to 0.77000 or maybe higher if price can break the yellow trendline, it will also have resistance at around 0.78000 to break through after that.
Price has been inside this channel since December with a few touches even earlier back.
The support area is a round number - 1300 and has been hit many times so proves to be a strong level. Resistance is 1350-1360 which is also a strong level.
MA's have just crossed over which is one indication of a trend reversal. Stochastic is also pointing upwards and is sat ...
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.