USDNOK
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- After price action rallied, creating the recent high of 9.61582, it has since then retraced respectively finding support and then breaking through our 0.382, 0.5, 0.618 levels
- Currently price action seems to be finding support now again around the 0.618 level
- Should price action continue to find support we can expect a bullish rally to the recent high that would mark the end of the short term retracement.
*Note that MACD still needs to shift to the bullish side on the 1H, Use that as a confirmation when forming entry
Order cancelled:
MACD never shifted to the Bullish phase.