#EURNOK Bearish Kumo breakout confirmed by Chikou Span
Bearish momentum may accelerate finally. Of course a lot depends on OPEC meeting. Obviously a cut in Oil production would cause spike in Brent price and would make NOK even more attractive.
Daily update:
- Price below Kumo Tenkan and Kijun (bearish)
- Tenkan/Kijun is strong bearsih
- Chikou Span bearish cross below past Kumo -> validation of bearish Kumo breakout
- Heikin Ashi is bearish, haDelta/SMA3 cross down below zero line
- EWO is bearish
Targets (in line with weekly supp/resistance levels): 9,00 or 8,80
Strategy: Hold shorts.
Daily update:
- Price below Kumo Tenkan and Kijun (bearish)
- Tenkan/Kijun is strong bearsih
- Chikou Span bearish cross below past Kumo -> validation of bearish Kumo breakout
- Heikin Ashi is bearish, haDelta/SMA3 cross down below zero line
- EWO is bearish
Targets (in line with weekly supp/resistance levels): 9,00 or 8,80
Strategy: Hold shorts.
