I previously stated I was expecting this to drop a bit more but it seems to have formed some support in the current area but it is at 0.382 FIb so that is fine. I recommend waiting for the MACD to show some more signs of bullishness and EMA's to cross or come very close to crossing before entering a long. TP is at -0.272 Fib and SL just below 0.5 Fib as shown on the chart
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I am full time trader - analyst * High accuracy of ideas * Technically and Fudnamentally side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 GBPSEK technically based idea, we can see price is bounce from top trend line, strong bearish candels...
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 GBPSEK technically based idea, we can see price is bounce from top trend line, strong bearish candels...
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...
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
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.
