ChartArt
Short

Short: US Dollar / Norwegian Krone

FX:USDNOK   U.S. Dollar/Norwegian Krone
45 0 0
Rally of the last days seems to have peaked. MACD and Stochastic are bearish on the daily.

Entry: 8.645
Short target one: 8.60
Short target two: 8.58
Stop Loss: 8.65

4 hour chart: Stochastic is bearish and price is below the Bollinger Band midline ( SMA 20)
snapshot

2 hour chart: Stochastic is still bearish and price is below the Bollinger Band midline ( SMA 20) and the MACD is about to go bearish
snapshot

1 hour chart: Stochastic is bearish and price is below the Bollinger Band midline ( SMA 20) and the MACD is also bearish
snapshot

And it turned bearish on the weekly on Stochastic
snapshot
Comment: Stop loss hit at 8.65 yesterday way before the big spike up to 8.70 today. The price is now near the weekly R1 resistance. Maybe it's a short play next week, if stays below R1:

snapshot
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