EURSEK - Decision to break or keep trending

FX:EURSEK   Euro Fx/Swedish Krona
10 months ago
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.
10 months ago
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.
10 months ago
Comment: Looking for the retest now. I am still not convinced it has changed trend significantly.
10 months ago
Trade active: Trade long at 9.288
10 months ago
Trade closed: target reached: Good trade, much profit. Very wow.
10 months ago
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.
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