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US Dollar/Norwegian Krone
Short
Updated

USDNOK: Short Term Sell Setup

1 640
  • Retesting prior broken trend line
  • Retesting short term falling trend line
  • ABCD completed at 1.271 extension
  • Stochastic overbought
  • Shooting star candle
  • Earlier longer term setup here
Note
USDNOK is not going on the expected direction so far. snapshot

The price is testing the 1.618 extension level. Also the descending resistance of the falling channel on the weekly
snapshot

So i am holding to the short for now, i will close it if we break this resistance area and close the WEEK above it.
Technician
AB=CDOscillatorsTrend Lines

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
AB=CDOscillatorsTrend Lines
Technician

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.