Traders,
UPDATE: EURSEK gradually seeing gentle turn around. Bulls have ignited a strong rally. Hitting minimum target so far. Price will probabky drop slighty before a continuation move to the upside to the maximum extended target. Taking profits at this stage as an agressive trader makes sense.
Bullish demand seen on the retracement of the bull impulse leg. There is strong a strong Fibonacci confluence support level implying there is a hidden support here, which is a reliable launch pad for a rally. Nice rounded bottom after the impulse, expecting nice shift of demand from bears to bulls, before a move to the upside, probably in the form of a 3 wave impulse move.
I hope you have a tested trading strategy to trade this move
UPDATE: EURSEK gradually seeing gentle turn around. Bulls have ignited a strong rally. Hitting minimum target so far. Price will probabky drop slighty before a continuation move to the upside to the maximum extended target. Taking profits at this stage as an agressive trader makes sense.
Bullish demand seen on the retracement of the bull impulse leg. There is strong a strong Fibonacci confluence support level implying there is a hidden support here, which is a reliable launch pad for a rally. Nice rounded bottom after the impulse, expecting nice shift of demand from bears to bulls, before a move to the upside, probably in the form of a 3 wave impulse move.
I hope you have a tested trading strategy to trade this move
