USDNOK levels
Weak Norwegian growth data pushing the usdnok higher towards key levels.
Looking to short these rallies.
A look at the pitchfork:
- First level circled is .5 fib retrace 21/12 -> 1/2, and the 161.8% extension off the inverse H&S. R3 also in area
- Second and stronger level is the mid pitchfork line, the .618 retrace 21/12 -> 1/2, the 200DMA & the 200% extension off the inverse H&S. R4 also in area
Looking to short these rallies.
A look at the pitchfork:
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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.