EURSEK - Daily bearish Kumo break may get confirmation
Actually so far rather the EURNOK bearish move has put some pressure on EURSEK too. But it's time to watch this pair for more closely as it has more room to accelerate, if it starts to live some independent life.
I've been short for a while based on my previous idea (see link below), now I am thinking about to add.
Daily: Price is touch below the Kumo, but it really needs to break this horizontal Kes Support to gain more power. And still there will be the 9,08 trendline to fight with. That has chance to block the move initially, but by then Price will be a lot below the Kumo, and any pull backs will be likely a good chance to watch for building a strategic short position.
4 Hrs: Bearish, but has been struggling a bit. Obviously 9,1450-9,1500 has to be cleared. There's some chance It will do it soon, the Kumo is thick enough above the Price. Watch the ADX if that can get momentum after the bearish DMI cross.
I've been short for a while based on my previous idea (see link below), now I am thinking about to add.
Daily: Price is touch below the Kumo, but it really needs to break this horizontal Kes Support to gain more power. And still there will be the 9,08 trendline to fight with. That has chance to block the move initially, but by then Price will be a lot below the Kumo, and any pull backs will be likely a good chance to watch for building a strategic short position.
4 Hrs: Bearish, but has been struggling a bit. Obviously 9,1450-9,1500 has to be cleared. There's some chance It will do it soon, the Kumo is thick enough above the Price. Watch the ADX if that can get momentum after the bearish DMI cross.
