USDNOK has been on an aggressive bull trend compared to other major USD pairs that have been running bearish through out the week.
This weekly candle is in severely overbought territory which grants us the opportunity for shorts to take place now. A retest of the H4 trend line will create an expected higher low. Clear break of this trend line will indicate a major reversal.
This weekly candle is in severely overbought territory which grants us the opportunity for shorts to take place now. A retest of the H4 trend line will create an expected higher low. Clear break of this trend line will indicate a major reversal.