EURSEK - Decision to break or keep trending
Updated
EURSEK 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.
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.
Note
It broke through resistance very strongly. However I will still give it a day or two and a retest would be nice/ GBPAUD has not broken through so still watching that.Note
Looking for the retest now. I am still not convinced it has changed trend significantly.Trade active
Trade long at 9.288Trade closed: target reached
Good trade, much profit. Very wow.
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