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SHORT VISION ON EUR/NOK FULLY EXPLAINED

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Euro/Corona noruega (FX:EURNOK)  
ThinkingAntsOk  
FX:EURNOK   Euro/Corona noruega
Trend Analysis Support and Resistance Multiple Time Frame Analysis EUR NOK EURNOK short trade USD Forex
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trendanalysis supportandresistance mtfa eur nok eurnok short trade usd forex
4H CHART EXPLANATION:

In the short term, we observe a Descending Wedge Pattern being formed by the last downtrend. Now we are waiting for a pullback towards the Confluence Zone between the Top of the Wedge Pattern and the Broken Ascending Trendline, and after that a bounce to continue the downside move. This is the short term vision, the mid and long term are explained below on the Daily and Weekly Timeframes.


MULTI TIMEFRAME VISION:

-Daily:

snapshot

-Weekly:

snapshot
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