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Phantom_Puppeteer

NOKSEK Reverse Head and Shoulders Pattern on 1D Chart

Long
Norwegian Krone / Swedish Krona (FOREXCOM:NOKSEK)  
Phantom_Puppeteer  
FOREXCOM:NOKSEK   Norwegian Krone / Swedish Krona
Trend Analysis Chart Patterns Technical Indicators NOKSEK reverseheadandshoulders continuationpatterns
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trendanalysis chartpattern indicator noksek reverseheadandshoulders continuationpatterns
As you can see from this 1D chart, there is an inverse head and shoulders pattern and the neckline got broken a few days ago which signals that the pattern is complete and it is ready to go up. Moreover, the price is still above the moving average which tells us that the price is still in an uptrend. Therefore, we can buy NOKSEK at this pullback and aim for the price objective as shown in the chart
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