Not my usual choice, but if there's a good clean set-up I will go ahead and analyse it further.
EUR/NOK - Will the bullish momentum continue?
Technical Aspect:
- Pattern wise - Looks like inverse head and shoulders.
- As long as its above that trend-line up the bulls are still in control
- This trade idea, could reach towards 161.8 areas
As the market moves in waves, nothing goes up in a straight line - Pull back is due EUR looking very over extended.
There's various options you could take:
- Do the pull back towards this trade
- Wait for the pull back and then advance towards next resistance areas.
Please keep in mind below that key trend-line up the bears are in control - only until then!
Remember: Just an idea, not a recommendation.
Have a great weekend ahead.
EUR/NOK - Will the bullish momentum continue?
Technical Aspect:
- Pattern wise - Looks like inverse head and shoulders.
- As long as its above that trend-line up the bulls are still in control
- This trade idea, could reach towards 161.8 areas
As the market moves in waves, nothing goes up in a straight line - Pull back is due EUR looking very over extended.
There's various options you could take:
- Do the pull back towards this trade
- Wait for the pull back and then advance towards next resistance areas.
Please keep in mind below that key trend-line up the bears are in control - only until then!
Remember: Just an idea, not a recommendation.
Have a great weekend ahead.