FX:USDNOK   U.S. Dollar/Norwegian Krone
Weak Norwegian growth data pushing the usdnok             higher towards key levels.
  • First level circled is .5 fib retrace 21/12 -> 1/2, and the 161.8% extension off the inverse H&S . R3 also in area
  • Second and stronger level is the mid pitchfork line, the .618 retrace 21/12 -> 1/2, the 200DMA & the 200% extension off the inverse H&S . R4 also in area
Looking to short these rallies.

A look at the pitchfork:
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