Kumowizard
Short

EURSEK - Quick update, strategy is still hold short

FX:EURSEK   Euro / Swedish Krona
31 0 0
Daily: What we have seen in last two days was a fake bullish reversal attempt. Price action finally ended up in a bearish candle yesterday, buying was rejected at Key Level (which was previously a multi month support for Bulls).
Tenkan/Kijun still in strong bearish cross, price is below Kumo and Kijun Sen, Chikou Span is below Price and Kumo, future Kumo is bearish .
I think if we see one more selling attack at 9,1100, then the trendline will succesfully break. Otherwise the triangle remains intact, and Price can go higher to test 9,2000+ again. Still, after yesterday I give somehow bigger chance for a bearish continuation from here. Upper supports are: 9,1500 / 9,1650 / 9,2250

4 Hrs: Looks like a similar kind of false break of 100 WMA and the Kumo as seen on 26-28 September, now Price is back below 100 WMA and touch below Kumo too. But to make sure bearish position is still reasonably good to hold, Price should dip below Kijun Sen at 9,1100, pulling down Chikou Span and also forcing DMI to bearish again

Now it is even more clear how important the 9,1100 level is.

Strategy: Short entry at 9,1100 stop if offered. Stop loss above 9,1510.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out