GBPNOK we have a nice W formation on the daily timeframe, market has recently broke the downtrend with a strong bullish impulse and formed a inverted head and shoulders breaking above the neckline, we expect the W formation to complete at the neckline, and we are expecting a correction after the impulse we have had for market to test broken resistance as new...
GBPNOK Horizontal Support Resistance
GBPNOK we are bullish recently GBP ha shown strength across the board, market has broke above the downtrend on the daily timeframe and formed a new higher high higher low structure, also forming a nice inverted head and shoulders, we are now waiting for the market to make a retest of the new daily support if it holds we can drop down to the 4hr TF and look for a...
GBPNOK on the 4chart is moving inside a descending channel. The price after the last bounce over the monthly support at the 11.44 level starts a bullish move and now testing the upper trendline below a minor resistance. IF the conditions of Plancton's strategy will be satisfied, we can set a nice long order --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple...
It appears we pivoted. Bullish signals rang sounding clear. 1-2 pattern post pivot, beginning of Wave 3. Therefore, Fibonacci Goals in green, invalidation in red. Good luck - this is not financial advice.
MULTI TIME-FRAME ANALYSIS DONE. TRADE SHOULD ONLY BE TAKEN IF IT FITS YOUR IDEA OR PLAN. TRADE SMART.
Trade only valid if the 4hr candle closes above the daily high.