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Euro / Swedish Krona
Short

EURSEK Target Price 10.60763 (After Action Report)

55
This Parallel Channel is different from my usual channel trade set ups. See the positioning of the Red EMA 10 and Blue EMA 20. The 10-Day Exponential Moving Average is below the 20-Day Exponential Moving Average. A great indication that this a sell opportunity. Candlestick wick intersects the horizontal support resistance line and both EMAs. Wick did not intersect or retest channel support resistance diagonal line.

Next horizontal support resistance is at 10.56657
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equidistanteuroEURSEKParallel ChannelSupport and Resistance

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equidistanteuroEURSEKParallel ChannelSupport and Resistance
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.