EURNOK Bullish Reversal in Progress

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EURNOK Bullish Reversal in ProgressEuro vs Norwegian KronePEPPERSTONE:EURNOKAmitrading📉 Weekly Overview: EURNOK holds firm at a major support zone and prints a bullish engulfing candle, signaling potential reversal strength. This is a significant reaction level that previously acted as a demand zone — price respect here is a strong technical clue buyers are stepping in. 📈 Daily Chart Analysis: The daily chart confirms bullish intent as price breaks internal structure and descending trendline, shifting short-term sentiment. Bullish momentum is building, and we now see buyers reclaiming control. ⏰ 4H Chart Setup: The 4H structure breaks trendline resistance and EMA50, and continues upward with strong bullish candles and higher highs. A clear trend reversal is forming on this execution timeframe. 📌 Plan: Bias: Bullish Entry: On minor pullback near broken trendline / EMA50 retest (confirmation entry preferred) Targets: TP1: Previous 4H high TP2: Daily resistance zone Invalidation: Break below the bullish engulfing candle low on weekly timeframe