Potential Long NOK/GBP (Wait for breakout confirmation)
1) Russia and Saudi agreed to freeze production resulting in short term Increase in oil prices.
2) Hovering at major resistance around 0.081103
3) Downtrend lost its momentum. Uptrend or Consolidation taking over with potential of another upwave
Suggested trade setup:
1) Long when prices break above 0.081103 or enter around 0.81550
2) Take profits near green resistance lines (0.086542/0.087405/0.087788/0.089801) or Fibo at 23.6% (0.85121)
3) Maximum Stop Loss around 0.074945
2) Hovering at major resistance around 0.081103
3) Downtrend lost its momentum. Uptrend or Consolidation taking over with potential of another upwave
Suggested trade setup:
1) Long when prices break above 0.081103 or enter around 0.81550
2) Take profits near green resistance lines (0.086542/0.087405/0.087788/0.089801) or Fibo at 23.6% (0.85121)
3) Maximum Stop Loss around 0.074945