My last attemp to short this pair failed. I still think a big decline should follow on this pair. I want to trade this pair long-term.
We can see a big correction (AB=CD pattern) finished before. After that a possible zigzgag is forming, first leg followed by a 0.61 fib pullback.
Fundamentals also support this bias: more EUR weakness expected due to possible extended QE. NOK economy is based mainly on oil exports and my bias is that oil should start a rally soon.
Regards.
*****************DISCLAMER********************************************************************
Always do your own analysis before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Follow me on Twitter for updates: fxtrader2000
We can see a big correction (AB=CD pattern) finished before. After that a possible zigzgag is forming, first leg followed by a 0.61 fib pullback.
Fundamentals also support this bias: more EUR weakness expected due to possible extended QE. NOK economy is based mainly on oil exports and my bias is that oil should start a rally soon.
Regards.
*****************DISCLAMER********************************************************************
Always do your own analysis before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Follow me on Twitter for updates: fxtrader2000
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.