Kumowizard
Long

Nice run, but consolidation comes. Cover shorts, resell higher

FX:EURNOK   Euro Fx/Norwegian Krone
37 0 4
Please track back this trade idea! This was my best trade in 2016! Held and built position for more than 6 months.

Weekly:
- Ichimoku is turning bearish , but price reached long term trendline support.
- Heikin-Ashi has been nice bearish for weeks with strong momentum , but haDelta reached an extreme low. Consolidation is possible at first resistance, especially that price is also bit fr below Kijun now.
- EWO is bearish , but reached extreme low.

Daily:
- Bearish Ichimoku setup with supports at 9,13 and 9,20+.
- Heikin-Ashi signals start of consolidation/pull back.
- EWO is bearish , but we'll see either a small wave up, or some sideaway.
- Cover shorts for now, try to resell in 9,11 - 9,14 zone (in case of a sell signal)

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