Get started

Usdnokbuy

USDNOK to reverse from downside confirmation, potential drop! USDNOK to reverse from its downside confirmation at 8.68724 where it could potentially drop further to 8.65682. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
POSSIBLE LONG-TERM BULLISH TRAD IDEA ON USDNOKPrice broke out of the ABC correction counter trend line which is also the neckline of a double bottom pattern. . Price has the potential to move towards the resistance level after it broken out of the correction with an impulsive wave 1-5 and retested the broken structure with an ABC zigzag pattern. . Considering that the price has broken out if the ABC zigzag CTL, we will just have to let the market decide it's move. . Best of luck on the chart!
Long
by Veejahbee