(4h) Bearish Bat @ DivergenceFX_IDC:GBPSEK
"Small" Shark between the tops...
Safe Trades;
Ruby - open.spotify.com
GBPSEK
GBPSEK (Long - Counter-Trend) I view this as a good bottom fishing opportunity. This also coincides with my bullish dollar/short Swedish Krona thesis. I am bullish pounds as well for the time being (as long as GBPUSD holds above 1.4000).
GBPSEK potential bat pattern formationStop loss based on the nice piece of structure before the start of the pattern.
EMA and MA also signify a further move to the downside which will hopefully form the bat pattern.
Very good risk/reward on this one.
GBPSEK - 4hGBPSEK on a 4h time frame. Momentum is fading here somewhat. Price / indicator divergence confirming this. Would expect a rebound around 11.15. Long term momentum is solid. A break below 11.13 would imply a bigger correction.
