MaryJane
Long

Buying the retest

FX:EURSEK   Euro Fx/Swedish Krona
36 0 5
The pullback ended @ the old breakout Level. A new Long Chance?
former view:
Short again or explosive Break-Out?

snapshot
After the break of the longterm uptrend @ 9,33 in march EURSEK             is consolidating this strong sell-off and reached several times its maximum correction level (fibo 62,8%).
This strong resist @ 9,4 seems to be invincable. 6 times you had the chance to fix that level sucessfully. Is it time for the next short position? The chance-risk-ratio is wonderful again , nearly 8:1!

But beware!

Above that resistance a fast shortsqueeze can be exspected. All people who fixed that level (short) have to cover their positions then an switch to the buyers :-) A first target on the upside could be the longterm-uptrend lower edge which turned to a rsistance zone.
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