USD/NOK analysis, chart, and trading idea

Analytics for USD/NOK Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
 

The trend is descending. The pair is traded in the range between 365 and 135 ЕМА. There is a bearish divergence on the Awesome Oscillator, as well as on the Stochastic Oscillator.

Trading idea:

Sell when the descending wave pattern is formed, when wave A breaches 9.9140 (pivot 2 of the wave С)

Stop Loss: when above the local maximum of the ascending pattern

Target price levels: 9.8400, 9.7100