USDNOK trading within wave three

Posted by ForexAnalytix on Oct 30, 2017 7:17:27 AM

We changed our view on the USDNOK, and are now looking at a minimum three-wave rise. We see price trading within wave 3, that must unfold five sub-waves as it represents an impulse. That said, specifically we see price trading in sub-wave three of 3, that can find resistance in upcoming sessions and later push price lower into a temporary pullback of minor wave iv; with support coming in at the upper base channel line.

 

FA_USDNOK_H4_9-20-24
 

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Topics: Trading