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chastic
Mar 3, 2017 8:13 AM

Make or Break Resistance 

Euro Fx/Swedish KronaFXCM

Description

As predicted, it found support on the previous high-trend line. SEK is releasing 'Industrial numbers in within the half hour, also EUR is releasing PMI within the hour. Depending on the released numbers, I strongly believe EURSEK is a long. Buying volume seems much stronger than selling. No cash build to be seen the last week. If it breaks above the 200MA (orange line), i'm in for a long position. (I do not trade the golden cross. In my experience it's not reliable, I mostly ignore it - but if you don't like that. Stay away from this one.)
Comments
SILxx1
good write-up. I've been holding small amounts since 9.501, looking to hold for long term.
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