SEKEUR trade ideas
5.70% retracement , prices on 200 MA5.70% retracement without a strong pullback, the prices touched the 200 MA
split your position into 0.25% 0.35% 0.40% , there is an high risk that prices could go under 200 MA before bounce up again
wait for daily breakout and a green strong candle as buy signal
stop below 9.45
risk only 1% of your capital, money managment will save your life.
happy trading.
EURSEK LongLooking at the EURSEK we can see that it is coming to an important level where there has been some support and resistance in the past. I would expect this to rebound and head towards around 9.6. RSI is indicating that this is close to being oversold and CCI is also indicating that there is some momentum upwards.
If this line is broken on the downside I would look for the currency to go down to around 9.35; where again there has been some support and resistance previously.
EURSEK: Interesting spot to go longEURSEK has given ample confirmation that a new rally is taking off from here, you can take a half position here, risking a drop under yesterday's open, or if more conservative, entering gradually over 3-5 days. Your size should be 4000-8000usd worth per every 10k usd in your account, to risk 0.5-1%. Don't use a stop loss. Exit if we drop under today's open.
Good luck,
Ivan Labrie.
#EURSEK-Update: Price Moving Well, Continued Upside! #ForexTraders,
UPDATE: EURSEK gradually seeing gentle turn around. Will see more bulls soon, causing aggressive rally.
Bullish demand seen on the retracement of the bull impulse leg. There is strong a strong Fibonacci confluence support level implying there is a hidden support here, which is a reliable launch pad for a rally. Nice rounded bottom after the impulse, expecting nice shift of demand from bears to bulls, before a move to the upside, probably in the form of a 3 wave impulse move.
I hope you have a tested trading strategy to trade this move when it starts