EURSEK - 60min Timeframe - Update on Short OpportunitiesFollowing our monthly timeframe overview on EURSEK (), we believe that the pair could have commenced a really big downward move which will continue for many months ahead. After the downwards impulse the pair has developed over the first two weeks of May, EURSEK has spent most of this week consolidating, on the 60min and 4hr timeframes. A great opportunity for opening new short positions, on the break of the minor trend it is forming.
Monitor price action with attention, as the pair could be shaping up into a more complex correction.
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Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
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