US Dollar/Norwegian Krone
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USDNOK

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On the monthly charts we have a confirmed bearish trend with a bullish correction in play.
On the weekly charts we have a shift in order flow confirming our bearish bias though its a long term view. We have an impulsive bearish move that has necessitated a bullish correction to clear previous disequilibrium.
The break in daily structure confirms shift in order flow from bullish to bearish. Presently we are bearish, in consonance with our monthly and weekly view.
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We are on course towards the intended profit target

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