GBPNOK MULTI TIMEFRAME ANALYSIS

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Another gift from me to you :)

As we can see on GBPNOK from a weekly point of view we have formed an over extended M formation - as we know when we get a pattern like this we have a high probability of a pullback to neck line - highlighted by the blue line

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Looking on the daily we can see price is starting some bullish action, we have broken some daily resistance, and as we now broken resistance turns into support

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We will be monitoring price action of this pair to see if we can get an entry long with a very nice high reward to risk trade.

Thank you for taking the time to read this

Nota
Hey - just to let you know price action is moving how we expected

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