vlad.adrian

EURNOK - Double bottom at support

Long
FX:EURNOK   Euro / Norwegian Krone
6
I have posted a chart a while back saying that EURNOK is still in an uptrend, you can find the chart in the related section, and the weekly still looks bullish today, as the double top with a bearish divergence looks like it finished playing out
The daily shows a double bottom at a support zone, with a class B bullish divergence on the MACD lines and histogram.
I expect to see this pair at 8.5 in a few weeks, and I will continue adding to my long position taken 5 days ago.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.