GBPSEK - Short Sweden via pound

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I have posted charts about shorting Sweden via USD. It wasn't my idea, I just did the timing. GBPSEK             looks very attractive at this moment, and I have bought this pair last couple of days. The weekly doesn't look that great for the longer term, because price stands at strong resistance .

We have a double bottom with a divergence while in a clear weekly uptrend. On both time frames, the impulse is green. Expect higher prices and watch for the Scottish referendum.

The GBPNOK             looks very similar, but unfortunately it is on available here on TV. I have a position there too.
Parabolic Sar on the daily has crossed to a buy today. But you're right about the weekly chart not looking very promising. Maybe we are in a range for now. Good luck!
I wanted to buy it on the open but the risk reward ratio was not great. It looks like it is resuming the uptrend, and at this point, you should look for buying opportunities
02.10.2014 close out everything
01.10.2014 closed out 2/3 of the position
Congratz on being Moderator! :)
vlad.adrian warmandfuzzy
Thank you!
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