USDNOK has been in a strong uptrend so far this year. However the recent move up seems a bit strechted as the sellers did find som ground on monday with a ''doji-formation''. Furthermore, we did see another larger sell-off yesterday which confirms the possibility for a shortterm top in this pair. Stoch RSI is also on elevated levels and have a possible bearish...
Same play as NOKJPY ( See chart link below) A trade to close the LQ Stay awesome
Looks like it's coming into a support zone. Head and shoulders shaping up. EMA's are headed toward each other. BB are converging slightly and ADX is low. Possible bearish move coming. Watch for the bounce off resistance and a move higher toward recent highs.