GBPNOK possible short

8 במרץ 2021

GBPNOK market has failed to make a higher high on the daily and has now formed this head and shoulders pattern at weekly resistance, we are waiting to see a bearish impulse breaking and closing below this strong level of support then we will be waiting during the correction on the 4hr timeframe for market to first go and retest previous support which will then be turned resistance, then form new bearish structure during the correction... If we see the proper confirmations and all other rules are met we will take the short.