TradeJournal_

EURNOK - Opportunities!

FX:EURNOK   Euro / Norwegian Krone
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.


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