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Trading Idea - USD/NOK, 09-10-2023
Trading Signal: USDNOK
| Order | Sell |
| Direction | Bearish |
| Pattern | Resistance Line Breach |
| Interval | Daily |
| Length (Candles) | 5 |
Idea Summary
The medium term USDNOK price forecast is bearish. The USDNOK price is retracing down after breaching above a resistance. Most likely the price will continue falling and return under the resistance while there is a likelihood it may revers retreating and rise above the resistance.
Note:
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