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GBP/NOK currency pair analysis

19.04.2022

Market Review


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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