RobertSoos

USDNOK - H&S formulating

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FX_IDC:USDNOK   U.S. DOLLAR / NORWEGIAN KRONE
Fundamentally I'm NOK mainly because of PPP and Effective exchange rate undervaluation of the NOK. While in the meantime Norges bank will raise rates twice in 2019.

Technically: pretty (maybe too pretty?) H&S

Action:
-wait for daily bearish candlestick form, go short
-target: lower bound of the channel, 200 DMA confluence

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