USD/NOK Multiple Time Frame Technical Analysis:
This seems to behave locally according to the (-- Three Drives Pattern --)
It already (-- MADE ALL THE RETESTS --) and is supposed to hit the next drive up.
-- The Price is supposed to hit the Target Level 1 within the range of 10.80 -- (-- High Risk --)
-- The Price is supposed to hit the Target Level 2 within the range of 11.10-- (-- Normal Risk --)
The Risk to reward ratio indicates a high risk because Its a little bit late to enter the trade.
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Note:
- These Forecasts are Observational Forecasts, and should not be used in applying any trading strategies.
- No Hedge Funds Analysis were included in the analysis. (-- Please Consider --)