EURSEK trade ideas
Investors are choosing the Swedish krona instead of the euroInvestors are choosing the Swedish krona instead of the euro thus giving strength to bears to force the pair lower. In March, the euro seemed unstoppable as it continuously secures gains against the Swedish krona and other currencies in the region in the previous sessions. However, things are now turning around for the beloved single currency as it heads down in the market. Perhaps the bond-buying program that was recently announced by the European Central Bank is draining the strength of bullish investors. Forex investors are betting on the “pro-cyclical” currency as it has no great exposure to oil directions to make a strong rebound against the euro. Moreover, more issues regarding the block and the stimulus program are holding back the euro in sessions, preventing it from defending against the Swedish krone. This time, the recent decision of a German court calls the European Central Bank to justify its massive bond-buying program.
Striking similaritySweden had no lockdown, Europe did.
EURSEK going to zero like BTC.
Curious to see what happens. Let's check again in a few days.
Same idea as Bitcoin back then for me. If I see a double bottom I will buy.
All the brainlets should buy, if it goes up they will have "missed out" lmao.
There's very little retail interest in this, I won't get to see the "bull market is back" reactions :(
Hey maybe central bankers and investment banks are going to claim "bull market is back" 🐻😆
EURSEK Short Trade - Limit Entry 10.715Stop Loss = 10.90333 / Take Profit = 10.15 > Coupled with a 1% risk and 3% reward.
Once the trade reaches a 1:1 point move SL in front of the entry to protect the downside.
If it takes you out we can always re enter at another opportunity.
As the trade progresses i will comment every change to show you how i make to maximize profits.
Remember Risk/Reward is the key, we will take losses along the way but overall profit in the long run.
If you enjoy follow and like my ideas and if you have questions message me.
Keep Chasing that Paper!!!
The Swedish krona’s exchange rate has depreciatedThe Swedish krona’s exchange rate has depreciated thanks to the unprecedented fall of the US crude oil market. The euro is expected to snatch the momentum and propel the pair to its resistance after the pair bounced off its support and received support from the falling crude market. Looking at the chart, unlike most currency pairs of the euro, the EURSEK’s rally isn’t as big as the 50-day moving average has not totally taken flight against the 200-day moving average. Still, the upcoming rally will work in favor of bulls, allowing the 50-day MA to advance higher in the coming sessions. Also, the Swedish unemployment rate which just sharply fell helped drain the confidence of bearish investors in the sessions. As for the euro, it’s not spared yet as more headwinds are coming to its way. At first glance, the PMIs from the region may look grave, but don’t be fooled because the worst has yet to come for the single currency.
EUR/SEK MULTI-TIMEFRAME ANALYSIS Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
EURSEKEuro seems to be bearish to a lot of pairs, watching it weakening after a long time bullish move. Pulling our short trigger at the yellow spot.
EURSEKHi all,
top of channel & trend line make resistance zone.
we can open short position in this zone!
good luck!
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
EURSEK reversed from resistance, potential drop!
EURSEK reversed off its resistance at 10.6844 where it could potentially drop further to 10.3924.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURSEK Weekly Bullish channelEURSEK seems to have a strong characteristic of staying within a channel until it forges a new one in the direction of volume and trend. The weekly time frames shows that the pair exhibits strict adherence to a channel until broken to form a new one. We might therefore see a rally to the previous highs followed by a sideways channel and then a descending one. Targets may see the pair retest the lower trend line before proceeding in the buy. Continuation patterns in the buy should also be taken note of
