Hello Traders, I have went long on GBP/SEK purely based on price action. Looking at our daily chart we can see a bullish flag forming as well as some 4hr divergence for extra confluence. Also looking at our 4 hr timeframe we see price is broken the downtrend and I believe it's already setting up for a temporary reversal to the upside. And looking for double confluence, looking at the weekly chart, we see a beautiful bulling flag forming. Looking at price, I see a potiential double top forming so I have set TP to previous highs.
TP: 12.56704
SL: 12.34012
TP: 12.56704
SL: 12.34012