This has rebounded from the support level and is now rising again. MACD is turning higher and has stayed above 0 so is still bullish, also EMA's did not cross lower. Target is 12.860 at next resistance (chart does not go back far enough to see this for some reason).
A huge zigzag in a picture otherwise very similar to JPYNOK. Down we go. I have outlined Fibonacci goals in green, invalidation is in red if shown. This is a hobby to share my ideas with you, so do not take anything I ever say for financial advice. I suggest you learn Elliot Waves and TA by yourself. In my experience Elliott Waves in combination with Fibonacci...
Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: SEKJPY is sitting around strong resistance in blue so we will be looking for sell setups on lower timeframes. on H1: SEKJPY formed an objective trendline in red and a head and shoulders pattern so we are waiting for a momentum candle close below its last swing and...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for SEKJPY, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: SEKJPY is sitting around strong supply in blue so we will be looking for sell setups on lower timeframes. on H1: SEKJPY formed an objective trendline in red so we are waiting for a new swing to form around it to consider it our new trigger swing. Trigger: Waiting...
SEKJPY we can go short from the 0.618 fib. resistance to the green neckline.. creating an M formation? please let us know your opinion?
SEK/JPY is a perfect long, stoploss below the 0.786 take profit at the -0.272 of the fibonacci level
The overall chart pattern is a bearish Channel.However the trend has shifted with double bottom at 10.6507 of the psychology. A weekly close above the double bottom neckline will expose 12.4075 the 50% Fibonacci retracement zone. There i would be looking for a retracement with a confirmation of candlestick reversal signal to the neckline to confirm the double...
Possible head and shoulder pattern forming. Look for a breakout and then look for shorting opportunities.
SAXO:SEKJPY Seem to be ready for a bullish move during the 2nd quarter of 2020. Getting off a bottom can be a bit choppy at the beginning. Look for strength if you are willing to get it. Follow for more ideas... #AHMEDMESBAH