GBP/NOK is in a downtrend, looking for sell opportunity

13 May 2020

GBP/NOK was ranging earlier, then went up and shot down creating a lower low & lower high, is in a downtrend right now on both daily & 1 hr chart. As you can see there are three sell zones marked. Price can test any zone, I can't say which one. If I see a bearish price action signal on the third zone from top, then I might take a sell call.

This is just for educational purposes, I am not a financial advisor, Control your risk and save your account from blowing up