FOREXCOM:EURSEK This is currently in a strong uptrend, however a reversal may occur after it reached the previous high (Peak to the left). It is best to allow this to run and put on a short position after the support level is broken. Will still need to watch and make sure there is no bounce on the lower trend line.
EURSEK been trading at this level for a while, where the highs was getting lower and equal lows building pressure for a break below support. That break happened today where we also see a break of the 200 Daily SMA, and i see possible continuation to the downside. This is an exotic pair and have a wide spread so you may need to play it with small lot size. SL could ...
EURSEK : Price is consolidating. It will break out very soon. The double top indicates it may break out to the downside, however we need to wait for confirmation because price is at a very strong support level. EURSEK
Got in after the breakout of the ascending triangle as the price was retesting the horizontal price level of the triangle. Stop loss was under one of the triangle's local lows. Profit target is around November 30th highs.
(Posted post factum)
The EUR/SEK currency pair has been trading in the falling wedge since the middle of August. Also, the pair has reached the lower boundary of the long-term ascending channel.
Currently the rate is testing the lower channel line at 10.22. If given channel holds, a reversal north occurs in the nearest future and a breakout north from the wedge follows. Potential ...
Finally, the downside resistance line got broken. Now the big task for EURSEK is to overcome the 10.3500 barrier, which could clear the path towards higher levels. The next potential area of resistance could be seen near 10.435, marked near the high of the 26th of October.
Alternatively, a drop back down below the downside line and the 10.2880 level, ...
I already tried to get in the breakout of "A" level and the following short-term flag in my previous EURSEK idea. As it's not going without retests, I'm going short now as a rebound from the strong "A" level. Stop loss above "A" level. Profit target around June lows.
This is a 4H chart for FX:EURSEK
Probability : Short
Price broke a very important support and retested it after finding some minor support around 1.2125 this doesn't seem to hold, SL around 10.4500 and target will be 10.0000
Updates will be available later.
This is not a signal, it's just my opinion, Good luck