Approximately a month ago we had a nice catch of a top and a short counter trend trade, which both outright and through put options was quite quickly profitable. If you remember, in the last comment of the previous trade idea I called the attention in time to close the bearish positions, as the major trend was/is still up. Last Friday's and especially today's...
This post is rather an observation than a trade idea. While the trend and daily Ichimoku setup is massive bullish, I think these are tipical signals of a possible short term trend exhaustion, when one being long should think about taking partial profit: - Daily MACD turning down - Slow Stoch turning down - DI+ line crosses the ADX at high level - pin bars and...
EURUSD & USDSEK are very negative correlated: EURSEK can help to determine EURUSD corrections. www.youtube.com
There goes that idea...
As long as we stay below wave1, expect more weakness towards 8.45-8.40.
Looks pretty nice for a long, see our full analysis at www.investazor.com