meanwhile in the forgotten land of scandinavian forex ....
Updated
while people are stuck and excited on the big pairs .... and losing a lot of money, the best pairs are the forgotten ones. noksek is closely monitored by the swedish and norwegian central banks, so that there is no big deviation so no big losses on your account, and the moves are repetitive like a parrot. we have reached again a situation with a parallel UBB, MM and LBB, nothing more perfect than that for a calm and without risk move on noksek. it will decrease steadily with a first corrective bounce at 1.04 (because of the first geometric blockade on a weekly zoom). just short noksek, and wait .... if the monthly candle creates an opening upward of the slope of the UBB, it will completely invalidate the move, noksek will be able to drift upward again, but you will see it coming as noksek evolves smoothly and slowly, so you will have the time to see and react before accumulating big latent losses.
Note
warning, temporary fall of sek, because of world cup effect. the gbpsek was a perfect example of world cup effect tradingNote
after months, exactly as forecasted for this one. i'm impressed by myself ^^Note
the corrective pull back hints that we might have something interesting to come not on noksek but eursek. eursek might be correcting reaching by below the previously broken support, in that case if touched and not broken above we will have a very good entry point to short massively eursek, if eursek impulsively breaks the area 1.54 something unexpected then could happen and short on eursek must be protected.
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