USDNOK - inflation + double top support my short view

+ NOK inflation above consensus 3.4% (yoy) -> fundamental support
+/- DXY in sideways around 95 level
+ September 20th interest rate decision: hike to 0.75% expected -> market hasnt priced it fully yet

- Double top too obvious -> short stops still can be hit
- 50d EMA is near support -> breakdown needed

Trade attivo:

-Stop modified above the H4 pullback level @ 8.2650
-Targeting further lows @ 8.02 -> trying to follow H4 20EMA

Trade attivo:

-Today Norges Bank raised rates, said to continue gradually in 2019 Q1 as expected
-Market reaction was typical: USDNOK spiked up 1.5%, most intraday stops were triggered
-My stop was 2% away from the low ahead of the risk event
- Daily 61.8% is my target

Trade chiuso: obiettivo raggiunto:

Emotional close: sitting in profit for 3 weeks in this cross, fear of giving back gain
Technically: not even 2H 50DMA got broken -> did not want to risk a bigger pullback