EURSEK Divergence and Trend SupportEURSEK is showing bearish divergence on the 4H chart. I'm watching for a break of my trend support (red line) using a Sell Stop order to catch the pair on it's way down.
R:R of order shown: 3.39
SEKEUR trade ideas
EURSEK-Update: Bull Conviction Clear, Upside To Be Seen! #ForexTraders,
UPDATE: Made some great money since my last posted idea on this pair (See related ideas). Still seeing upside, hold.
Bulls are around at the key action level. Rounded bottom at the long term support sideways trend line and the morning star signal showed us graphically that investors have acknowledged this level, and will be taking price higher.
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Tom
EURSEK-Update: Bull Conviction Clear, Upside To Be Seen! #ForexTraders,
UPDATE: Made some great money since my last posted idea on this pair (See related ideas). Still seeing upside, hold.
Bulls are around at the key action level. Rounded bottom at the long term support sideways trend line and the morning star signal showed us graphically that investors have acknowledged this level, and will be taking price higher.
---Interested in joining my professional signals group, or receiving my professional online trading tuition? Message me here on Trading view or email me with the email address on my Trading view profile page---
Best regards,
Tom
EURSEK-Update: Bull Conviction Clear, Upside To Be Seen! #ForexTraders,
UPDATE: Made some great money since my last posted idea on this pair (See related ideas). Still seeing upside, hold.
Bulls are around at the key action level. Rounded bottom at the long term support sideways trend line and the morning star signal showed us graphically that investors have acknowledged this level, and will be taking price higher.
---Interested in joining my professional signals group, or receiving my professional online trading tuition? Message me here on Trading view or email me with the email address on my Trading view profile page---
Best regards,
Tom
EURSEK: Bullish Conviction Clear, Upside To Be Seen! #ForexTraders,
UPDATE: Made some great money since my last posted idea on this pair (See related ideas). Bulls are around at the key action level. Rounded bottom at the long term support sideways trend line and the morning star signal showed us graphically that investors have acknowledged this level, and will be taking price higher.
---Interested in joining my professional signals group, or receiving my professional online trading tuition? Message me here on Trading view or email me with the email address on my Trading view profile page---
Best regards,
Tom
EURSEK: Bullish Conviction Clear, Upside To Be Seen! #ForexTraders,
Bulls are around at the key action level. Rounded bottom at the long term support sideways trend line and the morning star signal showed us graphically that investors have acknowledged this level, and will be taking price higher.
---Interested in joining my professional signals group, or receiving my professional online trading tuition? Message me here on Trading view or email me with the email address on my Trading view profile page---
Best regards,
Tom
EURSEK - Update Like posted before the news
Target reached
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EURSEKThe less beauty bat pattern i ever seen if we can call that a Bat pattern.
Anyway price is on PRZ of it + PRZ small butterfly
I never trade eursek and i hope you want take this trade.
Trade your plan
EURSEKAfter a Bat Pattern and a Shark Pattern with perfect PRZ at 0.886 we are now at the 0.618 retracement area with a PRZ on the green box + divergence going for some bounce
Let see
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BUY NOW - RR - 1:3 TRADELONG TRADE :
Entry : BUY @ 9.3170
Target : 9.4000
Stop : 9.2700
Risk Level : LOW
RR ratio : 1:3
EURSEK H4: At The SupportHere are the key points for this chart of EURSEK:
- Trend. Based on the blue pitchfork I find the trend still UP, albeit suffering from a severe correction.
- Support. The falling price has found support on the 50% retracement (9.36575), which happened to be just above the prior high (9.35238) and a bit below 161.8% of the prior down swing's range size. The range between thses price is a particularly strong support area. There is also another support on the lower parallels of the median line, which can be anywhere between 9.335 and 9.360, but anyway I find the key major support level around 9.36.
- Resistance. Price may stop and reverse on the black down sloping trendline, barely reaching 9.42, but I think we'll see more to the up side than that. I find the first resistance to be at 9.43 (prior major low) and the next one at about the 41.6-Fib retracement level, ie. around 9.464. Then, if euro is strong enough price, may even test the median line, and possibly reach 9.50.
- Trading opportunites: enter long at one of the support levels, with a stop-loss order below the corresponding prior low, looking to exit at some of the resistance levels with R:R of at least 1:1.
Here's the summary of how I see the current situation in financial markets (as of Sat. 20.02.2016, 20:00 CET):
The strongest currency: JPY (however, currently overbought and quite likely to weaken a bit in coming hours).
The weakest currency: GBP (however, strenthening).
The leading markets:
- XAUGBP - trending up;
- XAUUSD - trending up;
- XAUEUR - trending up;
- XAUCHF - trending up;
- GBPJPY - trending down;
- Natural Gas - trending down;
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Disclaimer:
There is a very high degree of risk involved in trading forex . I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell. Rather, you should use the information only as a starting point for doing additional independent research, your own due diligence, in order to allow you to form your own opinion regarding trading decisions. No assumption should be made in relation to the performance or accuracy of the methods shown. No claims are made as to the success or profitability of any of my posts.
Long EURSEKGood morning traders,
I´m attempting an small long on EURSEK . Be careful with the size of this position because this pair is highly volatile .
From a fundamental stand point, yield diferentials between Euro vs Sek support this trend.
Technically the move above 200 MA , and upside breakout of the triangle favours a bullish scenario.
6 Trading Rules :
1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade
Josep Pocalles
EURSEK - retracement towards cloud before long tradeLong trade in sight but not before the pair produces a retracement towards the cloud. It will be supported by the Kijun and the flat SSB + a thick cloud. General Ichimoku : lagging span above price, above cloud = bullish. Price is above its cloud and consolidating a bit (green candle, followed by an immediate "counter" red candle)
This pair is volatile with long wicks, therefore I fired up my own (stupid) indicator "Wicks" that shows the height of each wick. This is an extra guide for the stop level (you could use Bollinger for that as well). 246 pts was the longest bottom wick since 22 Jan. I can share the code if anyone interested.
EURSEK - Decision to break or keep trendingEURSEK has arrived at a trend channel top and a resistance level. It looks like it wants to break out, so watch for that. In that case the target would be the next resistance around 9.39. There have been earlier fakeouts, so would give it a day or two closing above the trendline around 9.3.
If EURSEK does not break out in the next days then it will probably just continue the trend channel down to around 9.1. In that case a short around 9.25 would be in order.
EURSEKThe pair is outside of the Bollingers, not much upside and longterm trend down. Good risk reward to short.
