view: Should the Pair fall back under the Support @ 9,4, the shortterm uptrend will break and lower lows can be exspected :
TP1: 9.33 (midterm uptrend bottom edge) & SMA/EMA 200
TP2: Last Low @ 9.06
view: The Pair will be bought at this Level, a new wave to the midterm selling Zone could start. TP= 9.61
Trading above the big selling Zone will generate a BIG LONG SIGNAL
Buying the Retest was a good idea! Now the Pair nearly has reached the bottom edge of the longterm trendchannel. This could be a niveau, where a consolidation can start. For those who want to hold the Pair a bit longer, a stoploss-adjustment makes sense.
Buying the retest
The pullback ended @ the old breakout Level. A new Long Chance?
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!
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.