USDNOK Short
Fibs as support and resistance along with trendlines. This was draw using a higher timescale - I see a head and shoulders forming.
What we should see is consolidation at the 8.31 before a retest for support and breakthrough of resistance.
What we should see is consolidation at the 8.31 before a retest for support and breakthrough of resistance.
Note
Trade closed: stop reached
Looks like back to the drawing board ! The bears weren't as strong as I thought they were.
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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.