Idea: Sniper Series 11 \ $USDNOK Another pretty and almost certain drop, the only question is how long will it take and how steep will it be?

USDNOK
U.S. Dollar / Norwegian Krone forum

Having breached the resistance level at 10.34 towards the conclusion of the previous week, the pair currently finds itself trading within the default target zone for the bullish butterfly pattern, which was completed at 9.95. Additionally, we are nearing the projected 161.8% Fibonacci extension at 10.48, potentially giving rise to a bearish deep crab pattern. It's worth noting that the emergence of this pattern might imply a forthcoming pullback, leading back to the previously daily fractal resistance level at 10.34.

looking like a big reversal
