Wave-Trader

GBPNOK short term trade setup and longer term forecast as well

Short
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FX_IDC:GBPNOK   BRITISH POUND / NORWEGIAN KRONE
48
This is a short term sell setup on 4hrs time frame based on trend continuation pattern.

Detailed longer term forecast has been posted on YouTube please search it by this name

( GBPNOK Trade setup and forecast dated 21 August 2016 )


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Reversal pattern forming watching for sell setup closely. Here is the update.

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Sell breakdown on strong sell pressure. Remember corrective patterns may extend its ranges therefore use reasonable stop loss.
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Here we got the corrective trend continuation pattern.
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bottom has been violated watching for price action.
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