FOREXCOM:GBPNOK   British Pound / Norwegian Krone
On the daily timeframe market has formed a W formation, after a W you can expect the patternt to complete at the neckline as it does most of the time giving us a downside target... on the lower timeframes at the moment market is still bullish forming higher highs and higher lows. We are waiting for a break of trend and new bearish structure to form then we can look to short on the retest of broken support which will then be turned resistance.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.