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Kumowizard
Jun 4, 2019 7:48 AM

Where is the momentum? Short

Euro Fx/Norwegian KroneFXCM

Description

While the general setup still has somehow bullish bias, it seems EURNOK is struggling to re-gain a real momentum to the upside. My indicators seem to be topish.
There is also a weak bearish Tenkan/Kijun cross.
Please note how close the 6 years bullish trendline is.
Price is also below weekly Kijun.

Key supports: 9,7150 / 9,63 (+/-)

We open some small short with 9,8425 initial stop. Size up only if price proves and breaks below the key levels.

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