Kipyegonn
Panjang

Buy GBP, Dump SEK-Long term correction underway.

FX_IDC:GBPSEK   BRITISH POUND / SWEDISH KRONA
There is a 3 bar reversal pattern in the monthly chart with oversold stochastics. For long term traders look to buy after the close of this month IF and ONLY IF November candlestick closes as a Bull bar.
weekly chart is pretty strong too, look to buy with any correction in the 4 Hour chart.
for day traders, trick is to buy only after a candlestick closes strongly above the 11.25 level with an oversold stochastics.
Trade recommendations:
Buy above 11.25, Stop Loss: 11.20 Take Profit: 1:3 risk reward ratio
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