4H Chart Explanation:
- On higher timeframes, price broke the Weekly Ascending Channel (check Weekly or Daily Analysis).
- Price broke the Micro Descending Channel.
- Now, price is on a correction before continuing the down move.
- If price breaks it, potential to move down towards the Fibo Levels.
𝔹𝕖𝕗𝕠𝕣𝕖 𝕪𝕠𝕦 𝕣𝕖𝕒𝕕 𝕥𝕙𝕚𝕤 𝕚𝕕𝕖𝕒, 𝕡𝕝𝕖𝕒𝕤𝕖, 𝕔𝕝𝕚𝕔𝕜 𝕥𝕙𝕖 𝐋𝐈𝐊𝐄 𝐛𝐮𝐭𝐭𝐨𝐧 𝕥𝕠 𝕤𝕦𝕡𝕡𝕠𝕣𝕥 𝕞𝕪 𝕨𝕠𝕣𝕜.
𝕀 𝕨𝕠𝕦𝕝𝕕 𝕒𝕡𝕡𝕣𝕖𝕔𝕚𝕒𝕥𝕖 𝕚𝕥.
The pair is seen to reverse back following a series of weak candles. Sweden celebrated its 25th year of accession to the European Union this month, together with Finland and Austria. They became the 13th, 14th, and 15th Member States of the EU. However, the...
The best places for open Buy positions will be above the Mirror Level and above the Support/Resistance Zone.
If I'll se an accurate entry point I will make an update.
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A timely update to the EURSEK chart with 2020 flows entering into play as widely anticipated. Lets start by reviewing the concerning Macro Map in the diagram:
In the longer term, positional swings come down to a struggle between patience on the one hand and greed tendencies on...
FOREXCOM:NOKSEK is near a very hard resistance, and just re-tested 1 broken trend line and a resistance level, and now going down!
Those are long term targets
Don't forget the risk management
And Don't forget to leave a LIKE :)
USDSEK had a strong enough rebound on the July 19, 2019 Support, managing to turn 1D bullish again (RSI = 55.827, ADX = 26.453, Highs/Lows = 0.0481) since November. We are expecting this bounce to accumulate more buyers in the process aiming at the 9.7000 Symmetrical Resistance. Conservative traders may enter a little lower as a pull back is very much possible if...
4 Hour Chart Explanation:
- Price broke the Weekly Ascending Trendline.
- Price is on a Descending Channel.
- Price bounced on the Bottom of the Channel.
- Bullish Divergence on MACD.
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.
Updates coming soon!
Hi All ,
we want to trade the H&S on this pair .
First Trade is to open buy above 10.59057 using Buy stop . Setting sl at 10.56334.
Second trade is Buy limit at 10.50669 and sl 40pips .
Third trade is selling the right Shoulder at sell limit 10.83682 and sl 10.88175 tp is open 200pips .
Time for another forward walk in 2020, this time the focus is EURSEK. I am tracking for a year of "two halves" with the first providing support for SEK and a lot of demand for the most undervalued G10 cross.
On the SEK side lets start with the Long-term chart:
On the EUR side lets start...
The pair is trading within a 1W Channel Down (RSI = 47.865, MACD = -0.019, Highs/Lows = 0.0000) since March and the neutral technical indicators suggest that the price made a Lower High within the Channel and is preparing for the next bearish leg towards a new Lower Low.
On top of that the Lower High rejection (on the inner dashed trend line) took place on the 1D...
Pattern: Channel Up on 1M.
Signal: Bullish as the price is near the Higher High zone. Also every time the price broke below the 1D MA50, it always stayed supported above the previous low, which delivered a rebound to a new Higher High.
Target: 10.04400 (+0.73% from last Higher High) and 10.20000 in extension (+8.00% as per the increase that the last bounce on a...
The pair is trading within a strong long term Channel Up since October 2017 on the 1M (monthly) chart (RSI = 60.289, MACD = 0.143, Highs/Lows = 0.3378). It is currently testing the 12.6000 1W Resistance following a Golden Cross on the 1D chart.
This formation has delivered a roughly -4% drop on the past two occurences. Since the RSI topped at 80.000 which is...