AUDNOK have completed 5wave over the years n currently corrective 3 waves seems done.
Head and Shoulders are done and currently broke the neck.
Next could be a bigger impulse down in 3 or 5 waves.
My opinion.
A breakout of the 1.618 Fib level
Previous resistance can be seen at 1.618 (hammer)
Price has now passed straight through this area, now it should act as support
The fib circle is created by using the strongest trend available on this 9H chart
Get ready, wolves🔥
One more triangle for today.
There is a Symmetrical Triangle on AUD/NOK currency pair.
The price was in a slight Bullish trend before this huge consolidation.
Will it be a good confirmation for bulls to go long.
However do not rush the trade.
Just follow the chart and look for the clear breakout....
Tired of small frame?! Here is the symmetrical triangle on 1D timeframe on AUDNOK instrument.
There was a slight bullish sentiment before. After that the price entered into consolidation and has drawn symmetrical triangle.
Interesting formation to make money.
Follow the chart and look for the best entering price...
Tired of small frame?! Here is the symmetrical triangle on 1D timeframe on AUDNOK instrument.
There was a slight bullish sentiment before. After that the price entered into consolidation and has drawn symmetrical triangle.
Now the price made possible breakout of resistance zone . However it is not too late to earn money on this trade.
According to Elliott Waves...
*AUDNOK
*breakout done
*entered on retest as marked in red circle
*targets & stoploss is mentioned in chart itself
*hope this chart pattern helps!
Thanks!
I am still a learner, expert views required!
aud nok is looking good from here
weekly bullish momentum
15 minute ichiomoku breakout
weekly momentum resistance has broken
weekly rsi has broken
Right on weekly resistance near break
We can look for an accurate Buy entry.
Reasons:
- the price is on the Upward Channel;
- the price can break the Support/Resistance Zone;
- the trend is bullish;
- potential profit will be in 3...5 times bigger than risk.
Dear followers, the best "Thank you" will be your likes and comments!
Before to trade my ideas make your own analysis.
Thanks for your support!
Australia battles it out with Norway this week. Who will take the lead and win the battle of price action !!!
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