Get started
British Pound / Swedish Krona
Long

LONG GBP/SEK

By sborja72
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 confluence, looking at the weekly chart, we see a beautiful bulling flag forming. Looking at price, I see a potiential double top forming so I have set TP to previous highs.


TP: 12.56704
SL: 12.34012
Double Top or BottomSupply and DemandTrend Lines
sborja72

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.