EURSEK
Failed socialist country going to ZERONot going to enter into details about Sweden.
Sweden central bank "Uh we have no idea why our currency is falling and why our economy is falling behind" duuuuh!
Am already shorting it via EURSEK & added a bit with USDSEK, have a limit order at that green level.
If I am in the green on EURSEK & add on USDSEK as it goes does can I call this adding to my winner?
Stop loss is tight. If this EURSEK is THE double bottom before the rally (and USDSEK bottoms at the same time) this can fly up to the moon.
EURSEK upside continuation 10.85 11.5 targetsEURSEK made a double bottom, looking at the weekly and monthly charts we can see that after breaking multi year high it retested it.
The trend is obviously bearish on the Krona. Buy the dip... Sweden economic future is grim.
The price managed to break the first resistance and make a bull flag.
If it breaks the second one it could easilly go retest this decade high (around 10.5-11).
It could go past that but then in the 11-12 area price is at ath and it might be a formidable resistance.
The USDSEK situation is a little different. It is retesting ath and has not bounced that much yet.
EURSEK is more relevant imo. USDSEK will follow...
I moved my stop loss up, but am I not adding to my winner due to europe regulation restrictions. Need my capital for other things.
Interesting trade:
I will take profit but can aim higher. Maybe.
EUR/SEK_H4_5/27/2019price hit the supply on weekly time frame
go to 4 hour and there are 3 demand zones
Short EURSEK @ 10.7435; Tp @ 10.5285, SL your choiceShort EURSEK @ 10.7435; Tp @ 10.5285, SL your choice
EURSEK - Interesting to watch (daily chart)Price is approaching major resistance, bears can look for short opportunities, but first we want to wait for confirmation like a false break with bearish divergence or strong move to the downside.
EUR/SEK, Trading PlanI will open Sell near 1 year High 10.7290 if the price will make a fake broke
That level also a historical high
EURSEK changing directionA few days ago I posted short setup for this pair. Circumstances have since changed and I now look for upwards movement. If we get strong close above entry level, then I believe that an uptrend is is on its way
EURSEK short intraday/swing trade opportunityEURSEK short intraday/swing trade opportunity
Sell 10.43304
T1 10.41351
T2 10.39989
SL 10.45483
Channel down short entry on pullback
EURSEK long swing trade setupEURSEK long swing trade setup based on higher time frames trending up, green volume, higher highs. Entry on this pullback to .618 fib zone. Not financial advice..
Swedish Krona time for a big bounceING bank keeps spreading fear about the SKrona. "Their central bank is dovish, will put it under pressure".
They announced yesterday they reached their targets of 10.60, this could be when every one takes profit.
On the higher time frames, we can see there is a resistance in this area, might be a little higher depends how you draw it, but it is approximately in that area.
So I am not aiming for the SEK to gain strength long term, but I am betting on a bounce.
Also, the EURO is no longer on an upity upitytrend, might dump soon. The SEK right now is not super negative, it is neutral (and at ING traders target and at resistance), until the 12 March (When the Swedish bonds mature). I see no reason to short the SEK until then.
If it is neutral and the euro bearish well...
The euro has been in a bear market for almost 1 year now. A dump looks imminent.
EURSEK - daily 61.8 test, short entryTechnicals
- 61.8 Fib level T/P zone for EURSEK buyers
Trade plan
- Enter short, S/L relatively tight
- 10.35 breakout level is the target
- Scale out on H4 around 10.40 and see if it goes further south
