20.12.2022
Analytics for USD/NOK Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
The trend is descending. The pair is traded in the range between 365 and 135 ЕМА. There is a bearish divergence on the Awesome Oscillator, as well as on the Stochastic Oscillator.
Trading idea:
Sell when the descending wave pattern is formed, when wave A breaches 9.9140 (pivot 2 of the wave С)
Stop Loss: when above the local maximum of the ascending pattern
Target price levels: 9.8400, 9.7100
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
