Veejahbee
Short

USDNOK - BEARISH CONTINUATION PATTERN

FX:USDNOK   U.S. Dollar/Norwegian Krone
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!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out