slim7

USDNOK possible scenario H4

Short
FX:USDNOK   U.S. Dollar/Norwegian Krone
We have a break out of trend line with a pullback on it and a clear RSI divergence . We might be at the right shoulder of head and shoulders pattern , price will probably go down and form a bat pattern .For a sell at actual price 8.68152 , SL at 8.74621 and TP at 8.48555 you get a RR ratio of 3
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.