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Euro / Swedish Krona

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EURSEK trade ideas

EURSEK to reverse from downside confirmation, potential drop! EURSEK to reverse from its downside confirmation at 10.77211 where it could potentially drop further to 10.72367. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
EURSEK: Bound to confirm a bullish signal here$EURSEK 4H chart fired an uptrend 1 bar ago, the target is where the daily would trigger a Range Expansion bar today, which would in turn trigger a larger 12 day trend, if not, tomorrow's close is likely to confirm the same trend but with a higher low, above the daily mode level, where most of the accumulation took place. The trend target is the yellow box upper border, time to reach the target is the end of the box to the right. Should hit that level in time, or sooner than expected, as long as holding above the mode box (horizontal barrier below today's low roughly). I'm working on an automated trading strategy to apply Time@Mode rules to FX and CFDs using MT4. Current testing results are good, I have a working prototype, polishing the code to have it ready to trade with full size. Once this EA is good to go I will start a PAMM account using this strategy to trade all main 1h and 4h trends in FX pairs that have fundamental and technical trends in the intermediate to long term, but from a short term perspective. Best of luck, Ivan Labrie.
Long
by IvanLabrie