USDNOK recently broke down below the monthly 50ema (overlayed on this 4h chart) and has rejected off the daily 20ema (overlayed) twice this week. RSI is showing bearish momentum after a brief overbought period while the PA has remained in a strong downtrend. Short setup potential is evident but not certain.
I'm a cat not a financial advisor.
I'm a cat not a financial advisor.
Trade closed manually
Closed the trade, USD algorithm started to push higher, the downtrend breakout held. On to the next one. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.