EURSEK -- CURRENT POSITION -- Been in this trade for about 8 weeks. Double Top with RSI Divergence. I need it to break 10.29073 and the .618 fibonacci resistance.
EURSEK trade ideas
EURSEK - Daily - Watch it.Trade Alert
EURSEK is testing the long-term upside support line drawn from the low of the 9th of October. As long as it remains intact, we could see the pair reversing back up again. But for now, we will stay put, as we can see that the pair is sitting between two key levels: 10.435 on the upside and 10.288 on the downside. If one of these is broken, we might start looking for other levels in the direction of the break.
Please see the chart for details.
Always have your SL in place.
EURSEK: Low gradient 1W Channel Up. Long.EURSEK is trading on a long term 1W Channel Up on a low slope (RSI = 51.043, ADX = 12.316, MACD = 0.049) that is near pricing a Higher Low (Highs/Lows = 0.0000). We are looking to utilize the next medium term bullish leg towards a Higher High. TP = 10.80000.
EUR/SEK shortDowntred channel un EUR/SEK, you can clearly see that on a daily outlook bears have the longer dicks. Also check Hanging man and shooting star candlesticks.
EURSEK / Technical Analysis / LONG Gypher forming.EURSEK / Technical Analysis / LONG Gypher forming.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
EUR/SEK 1H Chart: Bearish momentumThe Euro has been appreciating against the Swedish Krona after the currency pair reversed from the Fibonacci 38.20% retracement at 10.32. This movement has been bounded in a short-term ascending channel.
Currently, the pair is trading the lower channel line at 10.36. Also, the pair is pressured by the 55-, 100– and 200-hour SMAs located in the 10.39/10.45 range. Given these facts, it is expected that a breakout from the channel might occur in the nearest future. Technical indicators for the 4H and 1D time-frames support bearish scenario.
Potential downside target could be the weekly S1 at the 10.29 mark.
EURSEK 1 Hour Analysis1. Completed 5 wave move.
2. Divergence
3. Stochastic turning from overbought
4. Price on the supply level on the monthly
4 reason for selling this market.
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
SEK remains a very cheap G10 currency=> We are eyeballing a break of the current range to the downside here in EURSEK
=> Our targets are 10.00x with stops above the 76.4 fib at 10.600x
=> This is a very technical play in an environment where SEK valuations are attractive to say the least. We've done superbly well in our USDSEK shorts so far despite the broad based dollar strength and we see SEK benefiting from a more hawkish ECB in the coming sessions.
=> The Riksbank has breathing room on the monetary policy side after turning more hawkish in the past few weeks with even the most dovish members accepting that hikes are necessary.
=> Best of luck all trading this one live
EURSEK - Daily - Quick Trade ideaTrade Alert
Please examine the chart for details. This is just a trade idea, so be careful.
Always have your SL in place.
EURSEK may be running into an area of support zoneA couple of technical factors grabs our attention:
• The weekly pivotal finds at 10.35 its 100MA and 20MA (weekly)
• Coincides with the earlier breakout level (May 2018)
• The five-month ascending trendline remains valid
• Whereas, the daily and weekly studies remaining bearish
• The cross lost the both 20 and 50MA.
Three-day focus: Technical rebound in a bearish trend
Since the H4 oscillator has picked up and as the daily study RSI has been turned bullish, rallies are anticipated towards 10.47 and 10.52 initially, ahead of the resistance 10.57. This view will strengthen only if the price breaks above 10.43.
Intraday: As long as 10.30 is support look for 10.4280. An alternative scenario, if price breakdown below 10.30, could retrace further to 10.23 and 10.20 its 200MA.
Adding more SEK to our portfolio=> After Sunday's election resulting in political deadlock we are set for another circus of government building.
=> Here we are expecting politics to open up an extended period of narrative for SEK where the path to normalisation (hikes expected to begin in December) will take centre stage.
=> With the focus shifting towards Riksbank and the economic expectations we are targeting a test of the 10.25xx
=> As most of you already know we are now overweight SEK in our portfolio with USDSEK and NOKSEK positions already running in profit since last week.
=> Good luck all here
Sell: EURSEK A Bear GiftThat's a three bar reversal pattern and a double tops. Last week ended up bearish with high volumes complementing the prior week inverted hammer or pin bar.
I recommend selling anywhere between 10.50-55 zone with stops at 10.60 with first targets at 10 and later 9.75.
Double top validation. Great Sell opportunuty.Price rose from double top.. made double top....now are resistance, but broken below 50 % fib.
Sell as per your convenience.... SL, TP as mentioned in the chart.
