GBP/NOK Trading Analysis (09/04/2024)

The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The entry point at the truncated C is forming. The downward wave structure is truncated, and the Awesome Oscillator shows bullish divergence.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.

Stop-Loss at 13.4750.

Target price levels at 13.6400 and 13.7777.

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