EURSEK Tried But Failed!

Good afternoon ladies and gentlemen

An interesting week so far in the markets. All my trades bar one are in a very healthy profit with good moves in the market so far this week. For the regular readers, John's analogy at the beginning of the week on our sister website was excellent in bringing home the point on how an accumulative total across several trades was a much better way of making money than simply having one or two trades open, ofcourse with risk management taken into consideration. If i get stopped out of that one trade, the other trades will make up for it.

The EURSEK is still range bound but did at one point threaten to break out but has since been pushed back. Below is the 4 hour chart and Ihave circled the bar in question. Still 2 days to go in this trading week and will price show the weakness required for us to profit in shorting this currency pair? Only time will tell. At the moment price looks comfortable yo-yoing between the two S and R lines.

(I am still having problems loading upimages. I apologise. As always please check your own trading platform.)

Today's quote is by a soldier who served during WW1 bythe name of Claude M. Bristol "Undoubtedly, we become what we envisage!" Think big my friends and follow your dreams and desires.

Total Abundance is our Birth Right.

Zaheer Anwari