Mete_forex

USDNOK 29 Jan 2020

Short
FX:USDNOK   U.S. Dollar/Norwegian Krone
We can spot an M pattern forming which is a very known pattern for a reversal (at this moment to the downside). Another thing we can see is the rejection from the resistance zone. There is also a bearish divergence that strengthens the my idea for a short position and the RSI is also in an overbought position.
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