Eursekshort
EURSEK - Interesting to watch (daily chart)Price is approaching major resistance, bears can look for short opportunities, but first we want to wait for confirmation like a false break with bearish divergence or strong move to the downside.
EURSEK short intraday/swing trade opportunityEURSEK short intraday/swing trade opportunity
Sell 10.43304
T1 10.41351
T2 10.39989
SL 10.45483
Channel down short entry on pullback
EUR/SEK - LONG TERM BEARISH OPPORTUNITYIt's been 5 months now since EUR/SEK has been sailing under the Daily 50 EMA.
It has now also broken the Daily 200 EMA.
What we can expect to happen next is a complete breakout of the 200 EMA and the beginning of a long term bearish move.
The confirmation that we need is for the price to fail to move and find support back above the Daily 200 or 50 EMA.
If it successfully consolidates under it, then we have a go for a push higher down.
This is my own analysis. You should never ever, even if it's the most profesionnal trader, take his words blindly. Do your own analysis and enter the trade on your own terms.
Trade safe.
EURSEK is not ready! Hurry Up and Wait!EURSEK : Price is consolidating. It will break out very soon. The double top indicates it may break out to the downside, however we need to wait for confirmation because price is at a very strong support level. EURSEK
EURSEK OutlookFOREXCOM:EURSEK This is currently in a strong uptrend, however a reversal may occur after it reached the previous high (Peak to the left). It is best to allow this to run and put on a short position after the support level is broken. Will still need to watch and make sure there is no bounce on the lower trend line.
EUR/SEK - Possible Move - RiskyWe can see EUR/SEK drop till 10.55 as it's Friday and some long positions are being closed. Furthermore, as the currency makes lower lows, it will drive the fear of the bulls and they will close their positions to secure their profits, making EUR/SEK fall.
If you do trade this pair, do not risk more than 1% as it's very high risk.
Also, take into consideration the ~20 pip spread.
EURSEK high short pressure An high short pressure on high timeframe will drive the cross to lower price
Overbought EURUSD will help the tank
Make or Break ResistanceAs predicted, it found support on the previous high-trend line. SEK is releasing 'Industrial numbers in within the half hour, also EUR is releasing PMI within the hour. Depending on the released numbers, I strongly believe EURSEK is a long. Buying volume seems much stronger than selling. No cash build to be seen the last week. If it breaks above the 200MA (orange line), i'm in for a long position. (I do not trade the golden cross. In my experience it's not reliable, I mostly ignore it - but if you don't like that. Stay away from this one.)
EURSEK SHORT (SHORT TERM) - 2h TimeframeIf the trend keeps going as is we should expect a continuation downward to 9.45 area.
Top lines candles are good to short if no reverse or bullish signals kicks in with enough strenght.
Stay safe, and Good Luck!
(My SL is at 9.56, TP1 is 9.48, TP2 is 9.445)
