GBP is the ultimate risk on currency so it could be foreshadowing the soft SPX scenario into summer
Hey guys its your girl forex potatoe with another daily Forex analysis for GBPSEK. I trade any pair as long as the price action is textbook great to trade. Here is my analysis for GBPSEK i have actually been following this pair for some time as well. I just noticed i like to take reversal trades anyway lets get to business. This is a textbook break and retest...
looks like price is moving up. my alert went off and considered to execute a trade for potential big gains on weekly chart for longer term position.
GBPSEK Long Pitchfork and MACD with SR; targets set at fib 1.618 (also near TL reversal) and second target at historic SR
hey all and happy weekend next week am gonna lock to buy first to resistence level in 4h after for sure sell long tp=12.6400 short entry 12.6700 tp12.2320 goodluck all dont forget to leave your idea in comment plz
GBPSEK Target Price is 12.16020. Entry at Price Level 12.29032.
Hello Traders, I have went long on GBP/SEK purely based on price action. Looking at our daily chart we can see a bullish flag forming as well as some 4hr divergence for extra confluence. Also looking at our 4 hr timeframe we see price is broken the downtrend and I believe it's already setting up for a temporary reversal to the upside. And looking for double...
GBPSEK $GBPSEK Short Scalp. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Bullish breakout : Entry price 12.44420 Take Profit 12.59933 Stop Loss 12.35326 Bearish breakout : Entry price 12.14642 Take Profit 11.98415 Stop Loss 12.23022
Overall Average Signal from all our indicators suggests a Long. Entry is at market open and exit is shortly before market close or whenever you are okay with profits. I have a bit of a doubt with this one so be careful with this one.
GBPSEK price closed above 12.69163. Price retested 12.69163. Enter long positions and take profit at 13.21115.
LIVE Analysis ON GBPSEK GBPSEK is currently in a Weekly Supply nested inside Monthly Supply, although it isnt fresh sells are considered on lower timeframes with confirmation. Reasons of taking the Trade : - Broke Trendline - Imbalance departure away from zone - Broke mini opposing demand level
GBPSEK Trend: Up Level: Horizontal Support Level, EMA 10 Support Level, EMA 20 Support Level, Fibonacci Retracement Support Level Signal: Rejection Candlestick
- Overall trend is bullish. The market is consistently making higher highs and lows. Expecting the trend to continue. The 50 EMA is supporting the market.There is also an ascending triangle formation on the 1hr tf.