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GBP/NOK currency pair analysis


The general trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Watch GBP/NOK online

Trading idea:

Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.

Stop-loss: 11.5390.

Target levels: 11.4000; 11.3220.

Author: GC
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