Kumowizard
Short

EURNOK - Sell more, it will likely break down

FX:EURNOK   Euro Fx/Norwegian Krone
32 0 0
As I wrote in my other post (linked below) I rather buy NOK             (the ccy of the only real AAA rated country) vs the EUR at current levels, than adding or re-enterring USD longs for example.

Technical picture:

Daily: Yesterday we had Kijun Sen retest with a small body red hanging candle. Today we have a massive bearish candle so far. Break of the long term daily and also weekly trend? At least penetrated. We will also have a STRONG Bearish Tenkan/Kijun cross today. Conservative Ichimoku traders normally sell the closing at this signal. Chikou Span is again below price candles and as soon as the long awaited 8,10 key level goes, we'll have only "three" things left to do: Sell more / Sit and wait / Sell more on spikes staying with the trend

4 Hrs: Honestly I should have posted this analyses a lot earlier, as I saw the opportunity already yesterday, ok, confirmation came this morning. We had basically a retest to the 100 WMA and to the thick Kumo, which together were likely a good support for bears. The break back below 8,17 today was a confirmation signal. Now DMI             is bearish with increasing ADX. Try to sell any pull backs to ard 8,15.
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