GBP/SEK currency pair analysis

The general trend is ascendant. The descendant wave structure is truncated at the moment. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trade idea:

Buy when the ascendant wave structure, where a wave (A) breaches through the inclined channel of the descendant truncated structure.

Stop-loss is below the local minimum of the descendant structure (12.2970).

Target levels: 12.4700; 12.6900.