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SWEDISH KRONA / EURO

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SEKEUR trade ideas

Possible counter trend short with 9,6255 stopDaily: - BULLISH, with signs of exhasution and possible pull back. 4H - Trade entry level: - Price in Kumo cloud, below Kijun Sen. - Chikou Span below past candles, may tgt its resistance to 9,54. - Bearish forward Kumo twist - EWO bearish - Heikin-Ashi possible sell signal (haDelta crossed down) Sell half size below 9,60 to a 9,52-9,54 tgt. Tight stop above 4H Kumo at 9,6255 Please keep in mind, that this trade is really a counter trend idea! Manage position size, stop lvl and general risk accordingly!
Short
by Kumowizard
Possible Head and Shoulders pattern, minor bearish biasI opened 0,5 trade unit EURSEK short today. As you might have seen on my Twitter feed, I have been watching it for few days. - Ichimoku setup is more neutral. Kumo shades price ahead, price is below Kijun and Tenkan/Kijun is weak bearish. - Price retraced to Kijun from Kumo, but has failed to break above 9,50 key supp/res for last 5 trading days. - Heikin-Ashi candle is small red today but with still both upper and lower wicks. haDelta/SMA3 is below zero now. haOscillator is ticking lower. -> not yet decisive, no real bearish momentum, just initial bearish bias. - High probability to develop a Head and Shoulders patter, but as all patterns this needs confirmation too. Basically we need a break below 9,41 neckline. Then possible tgt comes ard 9,20. Market has some bias, but the setup has not yet confirmed. For this reason I opened only 0,5 trade unit today at 9,47, with a wider initial stop at 9,5550. This provides a better expected Risk/Reward, but still not much outright nominal risk. Looking to add below 9,41, and trail stop for the full size later.
Short
by Kumowizard
2
#EURSEK-Update: Bull Momentum At Resistance, In The MoneyPair has moved well since I last posted (See related ideas) well done to my exclusive signals group members who got this move with me. We are in a comfortable profit and holding. Hope you had a tested trading strategy to catch this move. For more information in joining my professional signals group or professional online trading tuition, Message me directly on Trading view or email me with the email address on my Trading view profile
by TomProTrader
#EURSEK: Bull Momentum At Resistance, Time To Break Out?A nice morning star right up at the historical resistance, on the sideways support line suggests we are likely to break structure to the upside. The morning star under resistance shows investors could be ignoring the level- with ambition to take the price to the highs of the range. For more information in joining my professional signals group or professional online trading tuition, Message me directly on Trading view or email me with the email address on my Trading view profile
Long
by TomProTrader