SEKEUR trade ideas
EURSEK Double TopEURSEK has been forming a double top pattern since last week with additional confluence of rsi divergence and has started trading lower. If the sellers can gain momentum and break the neckline area we could be looking at a very good short opportunity.
EURSEK long swing trade setupEURSEK long swing trade setup based on higher time frames trending up, green volume, higher highs. Entry on this pullback to .618 fib zone. Not financial advice..
EURSEK Potential Fall?The EURSEK has reached the monthly level 10.63053 again and we're seeing a strong rejection at this point. A double top pattern has formed with a higher second price peak and RSI divergence which could indicate a very good sell opportunity this week. More conservative text book entries can be made near the 10.46734 level. Be weary of market manipulation when placing trades at obvious levels. I'll update this post if I take the trade. Happy trading.
Shorting a level from almost 10 years ago?! Yup.The red highlighted level was formed almost 10 years ago on the EURSEK chart. I understand that this is not a very popular chart for most, but there are still opportunities to be had on these currency pairs! This could be a very nice one!
The market came close to the level on two prior occasions and is now making yet another push. We're going to keep our position size small and plan to go short with a limit order in the red highlighted zone. If price turns here, there could be MAJOR pips to score. Who is with me?
See callout bubbles. Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.
EUR SEK SHORTNice risk reward position for this currency pair. If the price goes below support potential for price to drop below 10
Swedish Krona time for a big bounceING bank keeps spreading fear about the SKrona. "Their central bank is dovish, will put it under pressure".
They announced yesterday they reached their targets of 10.60, this could be when every one takes profit.
On the higher time frames, we can see there is a resistance in this area, might be a little higher depends how you draw it, but it is approximately in that area.
So I am not aiming for the SEK to gain strength long term, but I am betting on a bounce.
Also, the EURO is no longer on an upity upitytrend, might dump soon. The SEK right now is not super negative, it is neutral (and at ING traders target and at resistance), until the 12 March (When the Swedish bonds mature). I see no reason to short the SEK until then.
If it is neutral and the euro bearish well...
The euro has been in a bear market for almost 1 year now. A dump looks imminent.
EUR/SEK - intraday and next day BUYstrong support at 10,53 was tested 2 times. bulls win. open road to 10,7 after macd 1 hour BUY signal
EURSEK - daily 61.8 test, short entryTechnicals
- 61.8 Fib level T/P zone for EURSEK buyers
Trade plan
- Enter short, S/L relatively tight
- 10.35 breakout level is the target
- Scale out on H4 around 10.40 and see if it goes further south
a micro analysis on eursekfollowing our last analysis on eursek where we expect a big drop, we expect eursek to behave the very same way it did the last two peaks before drop last months. to target the exact point of reversal during those endless ascending move (generally heralding an important reversal) we want to see two things :
1) the upper bollinger band on 4h time frame must draw an upper parabolic maximum
2)the price curve must in a last attempt (typical stop loss hunting) impulsively touch this point and reverse immediately
regarding how eursek is near of such a situation this should take place this monday or at the latest thursday with a flat monday to bring confusion first.
we shall do nothing before seeing that, if it crosses badly this upper bollinger band we won't be caught, if it falls even without doing so we won't believe in the reality of the fall, experience on eursek tells us to be cautious and act if and only if those two conditions are met before
eursek, all or nothingeursek has been perfectly bouncing on a support 3 times with a bounce losing intensity each time it hit the support, then it broke and started confidently a down move inside a new channel below. of course now we have through a perfect alignment a retest by below of this previous support, exactly at this point the DMI reaches an extreme value, we do not see how eursek can do anything else than dropping sharply now, this move is also supported by what we see on noksek, usdsek, eurnok and eurusd. this is very simple, if eursek surprisingly cross confidently the 1.53 1.54 area, we will see it coming very soon and then we freeze everything, the loss will be minimal, otherwise we can short eursek massively from where it stands
EURSEK 6 RRR shortTrading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line .
4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line.
This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
Target Price 10.43368; 10.53431 For EURSEK Wedge PatternLook for a buying opportunity at Support Level 10.29937.
Or:
Look for a buying opportunity at Wedge Line Level 10.27384.
Key Targets are 10.43368 and 10.53431
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.
eur/sek short double topdouble top formed after an up trend . buyers are showing less interest. trend change possible
EUR/SEK Analysis of Multiple ConfluencesI would first like to preface that this analysis is simply for educational purposes and does not constitute a signal. With this idea, I would like to touch on the topic of confluences. When performing technical analysis on pairs in the forex market, it's great practice to study confluences in the market. What are confluences? Confluences are levels in the market where there is more than one indication that a particular price point is of certain interest for a buy or a sell. Although not a guarantee of a buy or a sell, these areas should be watched closely for action of price. Price can be impacted by a variety of factors, including fundamentals. Given this, only after studying and obtaining confirmation should a trade be entered. In this example for EUR/SEK, I see a few confluencing factors as follows:
1. Taking a fib on two separate time frames we see confluence of fibs on both the 50% and 61.8% levels. This area is highlighted. We see zone that is of particular interest.
2. We also can draw trendlines and see confluence between the price point of these fib levels and the respect of the trend line.
3. I have done some further research to study that the fib levels as noted happen to fall at historical key levels in the market.
4. Although the market does not have to follow particular patters, if price followed through as indicated, price action would closely follow that of a cup and handle pattern.
Study such as this is very helpful for strengthening one's technical analysis. I invite you to study this with me, watch price action and take notes along the way.
Again, this is not a signal but simply for educational and study purposes. If you decide to take this trade, use proper risk management and trade at your own risk.
EURSEKEursek is making triangle.As if it might go up
This is not a investment idea just my analysis.
EURSEK: 1D Channel Down/ sell signal to 10.070.The pair is trading inside a Channel Down on 1D and the current neutrality (RSI = 47.632, Williams = -49.587, CCI = -47.5862, Highs/Lows = 0.0000) indicates that a Lower High level has been reached. Based on the previous Lower Low measurements, we are short on EURSEK targeting 10.07000.
