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Trading Idea - GBP/SEK, 11-05-2022
Trading Signal: GBPSEK
| Order | Sell |
| Direction | Bearish |
| Pattern | Resistance Test |
| Interval | 4 hours |
| Length (Candles) | 11 |
Idea Summary
The short term GBPSEK price forecast is bearish. The GBPSEK price is retracing down after testing the resistance line. Most likely the price will continue falling having breached below 200-period moving average MA(200) while there is small likelihood it may reverse and rise to test the MA(200) again.
Note:
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