Short

EURSEK broke major daily support! And possible continuation down

Updated

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 be smaller if you play the 1-4 H TF. Targets as shown in the chart. Happy pips!

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Time to start looking for possible bearish evidence here!

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I entered short last week on the retest, now we testing minor support and a break below this area mean more downside.

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Bearish engulfing on daily chart happening at previous structure and 200 daily SMA. Another trigger for the short idea.

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Idea still looking good, and as soon as we have a break below MS1 on daily that is the last signal to sell or sell again if you in already.

PA-FX

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