My last attemp to short this pair failed. I still think a big decline should follow on this pair. I want to trade this pair long-term.
We can see a big correction (AB=CD pattern) finished before. After that a possible zigzgag is forming, first leg followed by a 0.61 fib pullback.
Fundamentals also support this bias: more EUR weakness expected due to possible extended QE. NOK economy is based mainly on oil exports and my bias is that oil should start a rally soon.
Regards.
*****************DISCLAMER********************************************************************
Always do your own analysis before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Follow me on Twitter for updates: fxtrader2000
We can see a big correction (AB=CD pattern) finished before. After that a possible zigzgag is forming, first leg followed by a 0.61 fib pullback.
Fundamentals also support this bias: more EUR weakness expected due to possible extended QE. NOK economy is based mainly on oil exports and my bias is that oil should start a rally soon.
Regards.
*****************DISCLAMER********************************************************************
Always do your own analysis before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Follow me on Twitter for updates: fxtrader2000
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.