USDNOK: Short Term Sell Setup

27 oct. 2018

• 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

30 oct. 2018

Note

USDNOK is not going on the expected direction so far.

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


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.