A Precautionary End To The 5 Wave Sequence!
Here I continue to track the highs in USDNOK for a very long time and likely till the next decade. With Dollar devaluation in full swing and Norges Bank famously the last Hawk standing it is time to start working the sell side.
For those tracking the previous Technical Portrait this was the initial chart I am tracking:
On the Dollar side I continue to track the next leg to the downside:
...and the map is crystal clear for the remainder of the year and beyond into 2020.
Best of luck all those in USDNOK already and those building full macro swing positions, we are not talking about 100-200 pips here, rather these are full macro swings and a -20% swing in FX.
For those tracking the previous Technical Portrait this was the initial chart I am tracking:
On the Dollar side I continue to track the next leg to the downside:
...and the map is crystal clear for the remainder of the year and beyond into 2020.
Best of luck all those in USDNOK already and those building full macro swing positions, we are not talking about 100-200 pips here, rather these are full macro swings and a -20% swing in FX.
Comment:
