GBPSEK trade ideas
GBPSEK: Channel Up on 1W. Long term Buy opportunity.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.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
GBPSEK Looking Strong Once AgainLast post: May 19th 2018. See chart .
Review: Price was previously trending up but was below resistance levels.
Update: Price has since moved higher and is now above a previous resistance level after bouncing off the daily 50 simple moving average.
Conclusion: We want to see if the bulls can help to push price higher and break above the previous high.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading