GBPSEK analysis

GBPSEK

The overall trend is downward. The currency pair is trading in the range of the upper limit of the descending price channel. The Long-Legged Doji reversal pattern has formed.

The pair is trading in the range of 365 and 135 moving averages on the H1 timeframe. Awesome Oscillator shows a bearish divergence. Breaking through 11.1650 will result in the formation of a descending wave pattern of the M30 level within the wave C an H4 level descending pattern.

GBPSEK rate online: monitor the price movement in real time.

Trading idea:

Sell on the breakout of 11.1650.

Stop Loss: 11.2625.

Target level: 11.0268.