DavidNeiderauer

USDNOK Bullish Divergence and Trend Change!

Long
OANDA:USDNOK   USD/NOK
The USDNOK pair has sure taken a beating lately. But there are signs that the trend may be changing to bullish .

1. The RLCO crossover occurred Friday suggesting a new upside trend.
2. The CMF shows bullish divergence (a higher level every time a similar level in price is achieved - notice, for example, May 13 vs May 21).
3. We've possibly made a triple bottom, and downward momentum got stopped (for now).
Comment: Finally, we are moving!
Trade closed: target reached: 8.70 target achieved!