CADNOK is considered by many to be an exotic or at least minor pair. I'm aleady short on this one with 1000pts in my favour. My bet was based on a possible triple top and trend line of peaks moving south on the weekly chart.
This 8H chart shows that price has hit a broad zone of support at least 9 times. The latest push down has been a seemingly determined one. I had to wonder how powerful zones of support are? Is there a probability that based on numbers of times struck that price will disrespect the zone of support (or resistance)? [I'm pretty new at posting I hope this comes out ok]
Comment
⋅
Interestingly this broad zone of support seems to be becoming a zone of resistance.