CHFNOK now broken through and retested 50D MA Short

FOREXCOM:CHFNOK1D

Swiss Franc / Norwegian KroneFOREX.com

Description

⋅ Sep 9, 2019 10:52 AM

CHFNOK has broken and retested 50D SMA. Possibly a good time to enter a short trade SL around 9.03 and TP1 at 8.91

Comments

nachob1987

⋅ Nov 9, 2019 4:27 PM

what about stochastics, RSI and MACD ????all showing not a good place to short!

John_Tuohy_MSTA_CFTe

⋅ Nov 11, 2019 12:06 PM

@nachob1987, Agreed! we should always lok to other time frames / indicators for confirmation. That chart was from 9 September though. See how it played out