Hi traders,
The USDNOK reversed from a resistance zone and breakout below the ascending trend line and support level.
.
Price seems to be building a bullish retracement which is probably part of a wave 4 of a larger wave A.
.
Price has the potential to make a bearish bounce at our confluence level as planned on the chart which could indicate the continuation of the downtrend to the support zone.
.
We will wait for the completion of the corrective structure and look for a breakout of the blue counter trend line to take advantage of the pending bearish move.
.
Thanks for reading!
The USDNOK reversed from a resistance zone and breakout below the ascending trend line and support level.
.
Price seems to be building a bullish retracement which is probably part of a wave 4 of a larger wave A.
.
Price has the potential to make a bearish bounce at our confluence level as planned on the chart which could indicate the continuation of the downtrend to the support zone.
.
We will wait for the completion of the corrective structure and look for a breakout of the blue counter trend line to take advantage of the pending bearish move.
.
Thanks for reading!
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.