38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
while people are stuck and excited on the big pairs .... and losing a lot of money, the best pairs are the forgotten ones. noksek is closely monitored by the swedish and norwegian central banks, so that there is no big deviation so no big losses on your account, and the moves are repetitive like a parrot. we have reached again a situation with a parallel UBB, MM...
Market has broken out and retested structure level so i predict that the market will follow the trend.
S/L: 0.9543
P/T: 0.9374
Keeping trading simple!!
We can see a long term down channel and the price is just on the top. the 1.0300 looks extremely restive and a the price may just test it once again but can be just bounced back... I will be looking for a short entry around that level toward the 1.0000 for which the price already reached early this year.
For the past 6 months the pair has been correcting on the Weekly/Monthly chart. So far it made a 3 wave correction, and i am expecting an impulse up to the 0.236 Fib. Will see how the price reacts there, but there are 2 scenarios:
a. we break the corrective structure and go up, or
b. we will have another move down for a 5 wave correction.
Either way, its very...
