Buying the Retest was a good idea! Now the Pair nearly has reached the bottom edge of the longterm trendchannel. This could be a niveau, where a consolidation can start. For those who want to hold the Pair a bit longer, a stoploss-adjustment makes sense.
Former Analysis:
Buying the retest
The pullback ended @ the old breakout Level. A new Long Chance?
former view:
After the break of the longterm uptrend @ 9,33 in march EURSEK is consolidating this strong sell-off and reached several times its maximum correction level (fibo 62,8%).
This strong resist @ 9,4 seems to be invincable. 6 times you had the chance to fix that level sucessfully. Is it time for the next short position? The chance-risk-ratio is wonderful again , nearly 8:1!
But beware!
Above that resistance a fast shortsqueeze can be exspected. All people who fixed that level (short) have to cover their positions then an switch to the buyers :-) A first target on the upside could be the longterm-uptrend lower edge which turned to a rsistance zone.
Former Analysis:
Buying the retest
The pullback ended @ the old breakout Level. A new Long Chance?
former view:
After the break of the longterm uptrend @ 9,33 in march EURSEK is consolidating this strong sell-off and reached several times its maximum correction level (fibo 62,8%).
This strong resist @ 9,4 seems to be invincable. 6 times you had the chance to fix that level sucessfully. Is it time for the next short position? The chance-risk-ratio is wonderful again , nearly 8:1!
But beware!
Above that resistance a fast shortsqueeze can be exspected. All people who fixed that level (short) have to cover their positions then an switch to the buyers :-) A first target on the upside could be the longterm-uptrend lower edge which turned to a rsistance zone.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.