Labworx

USDNOK Short Term Buy Idea

FX:USDNOK   U.S. Dollar/Norwegian Krone
As this pair looks like its going to complete a "Special Cycle" this multiple TF confirmed divergence could bring us to 8.28 before continuing its downwards path.
Not Conservative:
Wait for a bullish candle pattern to long.
Conservative:
Wait for price to touch the 8.28 draw a bottom TL and sell the break of the TL aiming 8.07
Comment: I preffer to close here in profit.
As price is just ranging about and we also had a bullish convergence that retraced 50.
New highs can be expected.

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