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GBPNOK analysis

19.08.2021

Market Review

GBPNOK
The ascending wave pattern of the H2 level is truncated. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overbought conditions.

GBPNOK rate online: monitor the price movement in real time.


Trading idea:
Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated pattern.
Stop Loss for the local maximum of the ascending pattern.
Target levels: 12.180; 12.130.

Author: GC
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