Steffro
Long

My long term view on EURNOK

FX:EURNOK   Euro / Norwegian Krone
Alright, many of you are probably not trading norwegian krones but maybe this could be an idea on other trading pairs?

I'm currently short on EURNOK , but I think it will turn up in beginning of October:

Entry on a long position: 9.24NOK
When: 3. October 2018

Arguments:
- It is currently in a rising wedge and 4. wave is the next stop.
- This is confirmed by 0.618 fib level, Gann line (two of them are crossing in the same point!) and Gann arc.
- We see that the volume is rising within the rising wedge - a good sign on a further ascending period.

Forecast:
- Next stop will be 10.15NOK
- When: 25. June 2019
- Since this is a rising wedge it might drop after 25. June.

Comments

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