SEK is in free fall, divergence from 200d EMA is 11% !
EURSEK reached 9-year highs
Sept 9. election may result in a deadlock -> anti-establishment party might advance
Action:
I will wait to see even more blood and eventually look for entry setup to short EURSEK.
EURSEK reached 9-year highs
Sept 9. election may result in a deadlock -> anti-establishment party might advance
Action:
I will wait to see even more blood and eventually look for entry setup to short EURSEK.
Trade active
I have entered on candlestick signal @ 10.5980- Risk events ahead: Riksbank meeting (Sept-6) and general elections (Sept -9)
- First target: daily 38.9 Fib level 10.48
Trade closed: stop reached
+Perfect entry-Modified initial stop too early (traded my PnL, didnt want to loose) - pullback took me out
-EURSEK was stretched, leave stop above high, dont modify
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.