SEKJPY: Buy Opportunity on a 4H Bullish Megaphone. Long

SWEDISH KRONA / JAPANESE YENICE

Description

⋅ Jun 3, 2019 7:08 PM

The pair is neutral on 4H (RSI = 51.094, STOCH = 45.249, ADX = 19.312, Highs/Lows = 0.0000) as it is on the median of a Bullish Megaphone pattern. Having made contact on a Higher Low last week, we are expecting a new Higher High. Long, TP = 11.550.

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