BullmarketFX

GBPNOK intraday short

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FOREXCOM:GBPNOK   British Pound / Norwegian Krone
On the daily timeframe market has formed a W formation, after a W you can expect the patternt to complete at the neckline as it does most of the time giving us a downside target... on the lower timeframes at the moment market is still bullish forming higher highs and higher lows. We are waiting for a break of trend and new bearish structure to form then we can look to short on the retest of broken support which will then be turned resistance.
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