It's been 5 months now since EUR/SEK has been sailing under the Daily 50 EMA.
It has now also broken the Daily 200 EMA.
What we can expect to happen next is a complete breakout of the 200 EMA and the beginning of a long term bearish move.
The confirmation that we need is for the price to fail to move and find support back above the Daily 200 or 50 EMA.
If it successfully consolidates under it, then we have a go for a push higher down.
This is my own analysis. You should never ever, even if it's the most profesionnal trader, take his words blindly. Do your own analysis and enter the trade on your own terms.
Trade safe.
It has now also broken the Daily 200 EMA.
What we can expect to happen next is a complete breakout of the 200 EMA and the beginning of a long term bearish move.
The confirmation that we need is for the price to fail to move and find support back above the Daily 200 or 50 EMA.
If it successfully consolidates under it, then we have a go for a push higher down.
This is my own analysis. You should never ever, even if it's the most profesionnal trader, take his words blindly. Do your own analysis and enter the trade on your own terms.
Trade safe.
Trade active:
Trade is active and going..
Comment:
Losses were prevented in time as we saw the prices finding support and pushing up rather than making high tests and confirming it can't go up.
Sell again once prices go down under 4H 50 EMA and shows weakness for further loss.