albert.callisto

EURNOK - RSI divergence for long trade

Long
albert.callisto Updated   
FX:EURNOK   Euro / Norwegian Krone
4
The EURNOK pair is supported by level 9.445. This support combined with the RSI divergence suggests that we may see a bullish phase towards 9.6 then 9.7.

For a long trade, we may either wait for a small retracement towards the support area or directly launch the long. Stop loss would be just below the support area, though beware of wicks and higher spread on such pair.
Trade active:
Entry @ 9.43529
Trade closed: stop reached

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