ACROFX
Short

USDNOK - a possible short-setup?

FX:USDNOK   U.S. Dollar/Norwegian Krone
The price has moven quite fast in USDNOK             since the bottom mid-august and currently testing 50% retracement from highs due July this year. If we fail to break above 8,36, we should see a test of the recent breakout area around 8,25.

In that matter, I believe this pair offers a great trade setup (short).

Trade setup: Short from 8,33-8,35 with a stop if we close above 8,36 on daily basis. Target is set to 8,25.

Play safe!

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