zhchoong
Long

Potential Long NOK/GBP (Wait for breakout confirmation)

FX_IDC:NOKGBP   NORWEGIAN KRONE / BRITISH POUND
22 0 1
1) Russia and Saudi agreed to freeze production resulting in short term Increase in oil             prices.
2) Hovering at major resistance around 0.081103
3) Downtrend lost its momentum. Uptrend or Consolidation taking over with potential of another upwave

Suggested trade setup:
1) Long when prices break above 0.081103 or enter around 0.81550
2) Take profits near green resistance lines (0.086542/0.087405/0.087788/0.089801) or Fibo at 23.6% (0.85121)
3) Maximum Stop Loss around 0.074945
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