SEK/EUR Trend reversal
Updated
We can see a bullish divergence on daily timeframe. The downtrend has been broken, as the price broke above the major resistance line which can be a possible trend change. The blue path shows potential progression. If the price retests previous resistance and confirms it as a support it would be a confirmation for bulls and the long position can be taken.
Take profit and final target are shown on the chart-
Take profit and final target are shown on the chart-
Trade active
Pullback after successful breakout. Now the price is ready for a move towards the take profit zone
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