Daily Chart Explanation: - Price was on an Ascending Wedge since 2007. - Price broke it. - Now, it has potential to move down towards the Support Zone. - We are looking for sell setups on lower timeframes. Weekly Vision: 4h Vision: Updates coming soon!
Looking for opportunities.. and I'm encouraged by the wick that was on Friday. May open a small long position below that wick and then open a larger long position if we can break the daily descending channel to the upside. Lets see how it plays out.
More people in the country than there are houses. Sweden is not really socialist but they really on an inevitable course to self destruction. Not going to go into too much details. Good entry to short this failing currency. I think this is my best currency this year. I have good hopes. 1/3 or more of my good trades I had to enter on friday afternoon -.- So I...
USDSEK has been on my watchlist for quite sometime after we made new all time highs and then produced large red candles showing no momentum in the break. You can see we tried to create another higher high, but price was rejected and reversed at 9.7280. You can see the head and shoulders pattern which has occurred after making multiple higher lows and higher...
EURSEK reversed off its resistance at 10.58175 where it could potentially drop further to 10.48990. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK is approaching its resistance at 10.58175 where it is could reverse down to its support at 10.48990. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK reversed off its resistance at 10.58175 where it could potentially drop further to 10.48990. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK reversed off its resistance at 10.58175 where it could potentially drop further to 10.48990. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK bounced off 10.57842 where it could potentially rise further to 10.75427. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK bounced off 10.58567 where it could potentially rise further to 10.74378. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Goldman Sachs : "Stay short EUR/SEK; target: 10.30, stop loss: 10.90. Sweden, the most open economy in the G10, stands to benefit from improving global growth and lower recession risk in the Euro area. SEK tends to outperform in relatively benign growth scenarios with a modestly stronger Euro , which is close to our baseline scenario of a better—but not...
This Parallel Channel is different from my usual channel trade set ups. See the positioning of the Red EMA 10 and Blue EMA 20. The 10-Day Exponential Moving Average is below the 20-Day Exponential Moving Average. A great indication that this a sell opportunity. Candlestick wick intersects the horizontal support resistance line and both EMAs. Wick did not...
EURSEK bounced off 10.61569 where it could potentially rise further to 10.74378. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK Parallel Channel
EURSEK is expected to drop to 1st support at 10.61569 where it could potentially react off and up to 1st resistance at 10.74378. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK bounced off 10.61569 where it could potentially rise further to 10.74378. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK bounced off 10.61569 where it could potentially rise further to 10.74378. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK bounced off 10.61569 where it could potentially rise further to 10.74378. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.