GBPSEK Supply Area from 06/07/14
Minor supply zone at 11.73864 Ideally we would have like for price to have had a bit stronger bearish response to this area however we could potentially see GBPSEK going short to around 11.64708 if the zone is respected. The entry also falls between the 786 and 886 fib lines which adds confidence.
Depending on stops we could see somewhere between 2 and 3 risk/reward ratio, lets see what market indicates on the way up.
Depending on stops we could see somewhere between 2 and 3 risk/reward ratio, lets see what market indicates on the way up.
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