EURSEK - retracement towards cloud before long trade
Long 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.
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.
