The GBPSEK global trend is bullish but the local trend is bearish. How do you think? Can the price bounce off the bottom borders of these channels? Thanks for sharing your thoughts under my ideas! I appreciate it! Before to trade my ideas make your own analysis. Thanks for your support!
Given GBP strength I am long this pair.
The pair is trading within a strong long term Channel Up since October 2017 on the 1M (monthly) chart (RSI = 60.289, MACD = 0.143, Highs/Lows = 0.3378). It is currently testing the 12.6000 1W Resistance following a Golden Cross on the 1D chart. This formation has delivered a roughly -4% drop on the past two occurences. Since the RSI topped at 80.000 which is...
Sell limit on this pair . Price currently at support level , I expect a move upward to the marked lines. Last week rejection might be a aggressive entry . However with fundamentals in play we can see price break down without touching our first entry & second . But patient & let price present itself . Many thanks
GBPSEK touch 7 months high
Pattern: 1M Channel Up. Signal: Bullish since it broke the middle of the Channel after a rebound on the Higher Low. Target: 12.6000 (+10.70% rise from the Higher Low).
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. **...