EURSEK - Decision to break or keep trending

FX:EURSEK   Euro Fx/Swedish Krona
EURSEK             has arrived at a trend channel top and a resistance level . It looks like it wants to break out, so watch for that. In that case the target would be the next resistance around 9.39. There have been earlier fakeouts, so would give it a day or two closing above the trendline around 9.3.

If EURSEK             does not break out in the next days then it will probably just continue the trend channel down to around 9.1. In that case a short around 9.25 would be in order.
Comment: It broke through resistance very strongly. However I will still give it a day or two and a retest would be nice/ GBPAUD has not broken through so still watching that.
Comment: Looking for the retest now. I am still not convinced it has changed trend significantly.
Trade active: Trade long at 9.288
Trade closed: target reached: Good trade, much profit. Very wow.
Even though they dont share any symbols, it seems EURSEK in blue and GBPAUD in black are very correlated on their downtrends lately. So you would expect if one changes trends, the other would do the same. Something to look keep in mind.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out