Kumowizard
Short

EURNOK - Sideaway with short bias now

FX:EURNOK   Euro Fx/Norwegian Krone
65 0 0
Daily: Since the huge pin bar Price corrected down to Kijun Sen, then again up to Kijun Sen.
Last two days closings were both hanging man , rejecting the Key Resistance at Kijun. Slow Stoch gives a sell signal, with negative divergence to Price as well.
I expect this cross to come down into the Kumo this week. Later it will deoend a lot on ECB policy. Fundamental adventages are on NOK             side ag. EUR.

I am holding some strategic shorts already, with selling Puts on it whenever it becomes oversold in the range. I believe at some point later this year we'll see a bearish Kumo break again and the bearish trend will resume.
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