USDNOK-SELL stragegy Daily chartWe are in a range for now between 10.3850 and 10.0300 area. The shape of the channel suggest it will become a continuation pattern, and for that reason I prefer SELL into rallies. The range will remain wide, so we require deep pockets for this one.
The stochastic and RSI are turning, but not confirmed SELL as yet. Pressure exists though, and for that reason I feel we remain or should be short.
Strategy SELL @ 10.2300-10.3150 (or sooner depends to your risk appetite). Take profit @ 9.8350. we need break of 10.0300 of course, but am estimating the GANN angle and it feels we go south more than before. Stop-loss above 10.3950 only.