GBPSEK trade ideas
GBPSEK: The short opportunity of the Golden Cross.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 always a sell zone on 1D, we are going short with TP = 12.2000 or once the 1D RSI touches 38.500.
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Gsek sell limitSell 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 Buy SignalPattern: 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 Short on demand spikeThe demand spike outside the BB triggered my attention. It\s a bit risky with all the brexit news, but let's see what we can get out of this one.
GBPSEK DOUBLE TOP/RSI DIVERGENCE + .618 RETRACEMENTLooking to catch another leg down. Support at 11.45
GBPSEK: Long opportunity within the Channel Up.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.
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bearish expectancy multiple tested resistance. double top first leg. waiting for the second leg and candlestick reversal confirmations. zone susceptible to false breakouts incase of breakout a retest with a clear price action wil be best to go long
GBPSEK Forex cross pair forecast, monthly demand imbalance 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 trend and a big timeframe imbalance has gained control.Similar scenarios are happening on many GBP Forex cross pairs with monthly and weekly demand levels and imbalances in control. Learn to trade Forex using supply and demand imbalances.
No need to use any kind of indicators or oscillators to learn how to trade Forex using supply and demand imbalances. Clean and uncluttered charts are all we need to plan a trade on Forex by locating strong impulses that comply the looks and shapes of a supply and demand imbalance.
GBPSEK: GET READY - REVERSAL PATTERNSThese 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 controlled losses).
GBPSEKQuick sell this morning GBP seems pretty week for some weeks if price break lower expecting a sell off all the way down
