GBPSEK is trading within a 1D Channel Up which is currently approaching its Higher Low zone (RSI = 57.201, MACD = 0.073, Highs/Lows = 0.0000). Technically that is the most optimal Buy Entry and we are taking this long opportunity with 12.2500 - 12.3000 as the Target Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more...
GBPSEK Forex cross pair forecast is bullish. With a strong monthly demand imbalance in an uptrend gaining control around 11.600. In a uptrend, only buying GBPSEK Forex cross pair is possible. Monthly uptrend, monthly demand imbalance in control, no shorts are allowed. We do not need any indicators to tell us that we can go long on GBPSEK since there is a clear...
These two are called reversal patterns on GBPSEK. It is about the shape of the pattern. This is experience-based knowledge. This does not mean the most recent pattern is bound to reverse. This is not a prediction. It is a probability estimate. GBPSEK is a very volatile instrument which is much avoided. How strange cuz volatility is needed to make profits (and...
Dear Traders all around the world! Feel free to leave a like and a follow not to miss any of my trades:) This is more of a mid-term trade as we are using the weekly chart . A short-term analysis will follow shortly after publication of this analysis. GBP/SEK respected our bullish OB and closed last weeks candle with a rejection formation while hitting the...
The pair is trading within a 1W Channel Up (RSI = 71.320, MACD = 0.168, Highs/Lows = 0.2551) since the start of the year. Recently a new aggressive bullish leg has been initiated on 1D (RSI = 70.181) which aims at a new Higher High for the Channel within 13.2000 - 13.3000. Note that the very same 1W Channel Up was traded from September 2017 - April 2018. **...
Last post: May 19th 2018. See chart . Review: Price was previously trending up but was below resistance levels. Update: Price has since moved higher and is now above a previous resistance level after bouncing off the daily 50 simple moving average. Conclusion: We want to see if the bulls can help to push price higher and break above the previous high. Any...
Pattern: 1D Channel Up. Signal: Bullish if the narrower 4H Channel Up breaks upwards. Target: 12.5400.
GBPSEK Sell Trade Idea: Openned A Sell Trade Here, Downward Moving Anticipated To Continue. SL: 11.46 and TP: 11.00.... Happy Trading Best Of Luck.... You Can Enter Here Or Wait For A Pullback
Stop loss, entry price and targets are mentioned on graph.
All GBP pairs are in strong resistance area, GBPUSD, GBPSEK, GBPSGD. Possible bounce up at this area.
TP = 11.7644 hit as the 11.4900 1W Support held, pushing the price to a new High. GBPSEK has now priced an even Higher High on this curve pattern, near the 12.1519 Resistance. 1W STOCH = 44.256 and the marginal Highs/Lows = 0.1156 suggest that a gap lower exists. Trade accordingly towards the two support levels.
If price makes a turn to the downside in the yellow box, I will be going short on GBPSEK
Expecting this market to test the 11.78 area since short term momentum indicators are weakening that suggest for a possible upside, looking for buys here for the said target.
GBPSEK hit the previous 11.50 TP and support on 1W on a standard 1D Channel Down pattern. Now it is approaching the same support again (11.49183) and another technical bounce is most likely going to take place. This is a long call to 11.76440.