EURSEK trade ideas
W9.1-15 EURSEK BEARISH IDEA (DOUBLE TOP)Potential Bearish Entry
Dow Theory In Place - Lower High and Lower Low Expected in Place
Formation of DOUBLE Top coupled with bearish divergence (Bearish reversal pattern)
SL & TP Levels are defined.
Euro/SEK going upCan Euro/SEK get back to the trend channel? Maybe. Lets see.
- Fake break down
- Bullish 4 hour signal
- Oscillitor looks bullish too.
SEK/EUR Trend reversalWe can see a bullish divergence on daily timeframe. The downtrend has been broken, as the price broke above the major resistance line which can be a possible trend change. The blue path shows potential progression. If the price retests previous resistance and confirms it as a support it would be a confirmation for bulls and the long position can be taken.
Take profit and final target are shown on the chart-
EUROSEKThe pair has imprinted bearish momentum since the beginning of 2023. There is break of structure on the DTF, a confirmation of CHOCH. We anticipate a bullish correction targeting the fair value gap (FVG) or the unmitigated OB. We have two pints of entry, the FVG(aggressive) or the OB siting higher(conservative) 6.9 and 7.2 RR respectively.
EURSEK SELLStrategy:
Short term overvaluation/price mean reversion
Risk/reward Ratio 5.2
Manage risk properly.
2 SCENARIOS ON EURSEKHello guys! Here we have 2 possible scenarios on EURSEK, but as trading si all about reacting correctly not predicting, we should firstly wait for a break in any direction, and only after that we can be looking for an entry at the retest. What do you think? I would consider a long position based on the other technical indicators, such as oscillators and moving averages. OANDA:EURSEK
EURSEK: A pull-back from resistance expected [10.98/10.95]The EURSEK pair is recovering toward key resistance zone between 10.95/10.98. It seems however, the pair has lost its strength to break above the resistance zone. From a technical point of view, the pair chart shows that it has failed twice to cross key level around 10.95.
EURSEK $EURSEK Initial ShortEURSEK $EURSEK Initial Short. This is a pure momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal.
Entry reasons: EURSEK is showing momentum and confluence of mean reversion crossing up the 70 day price mean.
Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
EURSEK: Dips worth buyingEURSEK
Intraday - We look to Buy at 10.6539 (stop at 10.6164)
The medium term bias remains bullish. We look to buy dips. Our short term bias remains positive. Downward pressure has continued and we are assessed as being in the corrective leg lower before the next rally. Previous support located at 10.6500.
Our profit targets will be 10.7529 and 10.8182
Resistance: 10.7600 / 10.8000 / 10.9000
Support: 10.6700 / 10.6500 / 10.5859
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
EURSEK: Relief for Euro?EURSEK
Intraday - We look to Buy at 10.5061 (stop at 10.4602)
Preferred trade is to buy on dips. Downward pressure has continued and we are assessed as being in the corrective leg lower before the next rally. There is scope for mild selling at the open but losses should be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 10.6593 and 10.6918
Resistance: 10.6600 / 10.7000 / 10.7500
Support: 10.5000 / 10.4500 / 10.4000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
EURSEK:Euro back?EUR/SEK
Intraday - We look to Buy at 10.5061 (stop at 10.4794)
Preferred trade is to buy on dips. Prices have continued the bullish move higher and resulted in 5 consecutive positive days. There is scope for mild selling at the open but losses should be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 10.5900 and 10.6100
Resistance: 10.5900 / 10.6074 / 10.7000
Support: 10.5000 / 10.4500 / 10.4000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
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 - Bullish retracementBullish retracement in downtrend channel.
Trigger for long trade entry is channel-top penetration
