EURSEK may try to cost 11 krones again soonEURSEK may try to cost 11 krones again soon on a strong weekly downtrend after a triple top on a weekly chart perspective.
Plus, check this out.
Sounds pretty interesting.
* research.sebgroup.com
I personally may re-enter a couple of times if my SL is hit, but who knows.
Eur-sek
EUR/SEK potential bottomRight now EUR/SEK is trading at strong support, which goes in line with Fibonacci and Volume Profile indicators. As long as daily close remains above this support area, we should see the formation of the bottom. Potentially, this is the beginning of a medium-term rally, towards 127.2% Fibs
EURSEK on a bear flag 🦐EURSEK after the recent lows started a retracement move to the upside inside a minor channel.
The price now reached the weekly resistance and according to Plancton's strategy if the price will break below we can set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURSEK for a new test of support 🦐EURSEK after the double bottom on the weekly support retraced inside a bear flag.
According to Plancton's strategy,if the condition will be satisfied we can set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigg
EURO_SWEDISH CRONA STRUCUTRE ANALYSIS|LONG
EUR_SEK BOKOKE THE RESISTANCE. SPIKED. RETESTED SUPPORT.
NOW BROKE OUT OF RESISTANCE.
It might move in a triangle fashion
Consolidating for an upwards move
Pick it up from the support levels outlined
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LIKE and SUBSCRIBE for QUALITY
EURSEK attempt to break support 🦐The market on the daily chart is inside a descending channel and recently created a bear flag that retrace from the previous move till the 0.618 fib level.
Currently the price tested the 4h structure and made few attempt to break it.
If the market will manage to break and close below it we can set a nice short order according with our strategy.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
ridethepig | EURSEK ST Micro Flows 2020.12.06We are entering into short-term technical flows for the weekly closing range after Fed flows come to an end. The growing concerns over rising virus cases will skyrocket over this weekend, expecting a flooding of negative news from mainstream media which will put Western European countries back into the crosshairs.
For the technicals, SEK is trading at a very low value the 2020 macro range called at the end of last year. Jurisdictions are clearly defined on both sides with support located at 10.4x and no interest in chasing this move any higher than 10.6x resistance .
EURSEK Buy SignalPattern: Testing the 6 month Support.
Signal: Bullish as the RSI and the 2018 fractal indicate a potential rebound here.
Target: 10.8000 (just below the 0.786 Fibonacci retracement).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
"EURSEK: on a critical level" by ThinkingAntsOk4H Chart Explanation:
- On a Weekly Basis, price broke the Ascending Trendline.
- Price made a correction after that and is currently on the Pullback to the Weekly Trendline.
- Bearish CCI.
- If price bounces from here, it has potential to break the Structure and go towards the Support Zone.
Weekly Vision:
Daily Vision:
Updates coming soon!
"EURSEK: correction of the down move" by ThinkingAntsOk4H Chart Explanation:
- On higher timeframes, price broke the Weekly Ascending Channel (check Weekly or Daily Analysis).
- Price broke the Micro Descending Channel.
- Now, price is on a correction before continuing the down move.
- If price breaks it, potential to move down towards the Fibo Levels.
Weekly Vision:
Daily Vision:
Updates coming soon!
"EURSEK broke the Ascending Wedge" by ThinkingAntsOkDaily Chart Explanation:
- Price was on an Ascending Wedge since 2007.
- Price broke it.
- Now, it has potential to move down towards the Support Zone.
- We are looking for sell setups on lower timeframes.
Weekly Vision:
4h Vision:
Updates coming soon!
Eursek buy Hi All ,
we want to trade the H&S on this pair .
First Trade is to open buy above 10.59057 using Buy stop . Setting sl at 10.56334.
Second trade is Buy limit at 10.50669 and sl 40pips .
Third trade is selling the right Shoulder at sell limit 10.83682 and sl 10.88175 tp is open 200pips .
Many Thanks
ridethepig | EURSEK 2020 Macro MapTime for another forward walk in 2020, this time the focus is EURSEK. I am tracking for a year of "two halves" with the first providing support for SEK and a lot of demand for the most undervalued G10 cross.
On the SEK side lets start with the Long-term chart:
On the EUR side lets start with the Long-term chart:
For the Swedish Macro details, Sweden is badly exposed to extreme levels of domestic credit with the SEK depreciation. Houses in Sweden have also not been attractive for a while and are finally showing signs of a bounce. The Riksbank is widely expected to hike in Dec, if the housing market plays ball then we can have more hikes from Riksbank next year.
We have traded EURSEK a few times previously here:
Risks to the thesis come from the Swedish housing market, if this breaks down we are going to see expectations shift in EURSEK. I will be releasing my 2020 FX outlook reports along with other strategy research in the coming weeks. 2020 is setting up for fireworks on the FX board with expectations and valuations starting to diverge and with late cycle concerns creeping back in through the back door to put the cherry on top. For those interested can send a PM on here or Tradingview.
EURSEK - Tests Daily Channel ResistanceEURSEK Testing channel resistance on daily chart.
SEK Futures show prices are approaching all time lows. As the chart shows SEK looks to be oversold and a bounce from the lows is highly probable.
USDSEK providing additional confirmation as technicals point to chances of near term reversal.