gottimhimmel158

USDNOK Setting up for a large decline.

Short
FOREXCOM:USDNOK   U.S. Dollar / Norwegian Krone
The USD/NOK is trading at historic levels, which is why you see mostly purple and light blue lines (monthly and weekly levels).

I think that once support gets broken on USD/NOK we'll see a significant decline.

A. Light Blue: Weekly Levels (W)
B. Green: Daily Levels (D)
C. Purple: Monthly Levels and above (MO)
D. Orange: 3 day levels. (3D).
E. Red: (12 hour levels and below.)

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