GBP/NOK currency pair analysis

The downward truncated wave structure ended with the breakdown of the inclined channel. On the indicator Awesome Oscillator, there is a bullish divergence. On the H4 timeframe, there is a "key reversal" pattern with a false breakout.

Trade idea:

Buy on the breakout of 11.4780.

Stop-loss under the support level 11.3650.

Target levels: 11.580; 11.735.