EURSEK - market is getting hysterical about the Swedish election

SEK is in free fall, divergence from 200d EMA is 11% !
EURSEK reached 9-year highs
Sept 9. election may result in a deadlock -> anti-establishment party might advance

Action:
I will wait to see even more blood and eventually look for entry setup to short EURSEK.

Dagangan aktif:

I have entered on candlestick signal @ 10.5980
- Risk events ahead: Riksbank meeting (Sept-6) and general elections (Sept -9)
- First target: daily 38.9 Fib level 10.48

Dagangan ditutup: hentian tercapai:

+Perfect entry
-Modified initial stop too early (traded my PnL, didnt want to loose) - pullback took me out

-EURSEK was stretched, leave stop above high, dont modify