ACROFX
Short

More Norwegian strenght (NOK) against Euro (EUR)?

FX:EURNOK   Euro Fx/Norwegian Krone
57 3 1
After the sharp drop last week, the retracement/pullback has been rather weak in EURNOK             . After todays             run-up, we have now retraced only 23.6%. Furthermore, we have a possible bear-flag             under development in 4H timechart. If we break this flag, we should see 8.10 as a possible stop before heading even lower end of 2014 (maybe below 8.00).

Time will show!
Good morning, we have to respect the underlying strenght on this pair as it closed above recent highs and 23.6% retracement. Market is the market and this time we were wrong and have to respect that. We will come back with another trade idea when we see a better setup. Have a lovely weekend!
Reply
We all add more into our positions if we see a break and close below 8.14 on 4H timeframe chart. With a new yearly low for EUR against USD today, we believe the fundementals in Norway versus Europe should support a stronger NOK against EUR.

Have a lovely day!
Reply
Yep! Looks like classic bear flag forming with the bounce of only 23,6. Nice find !
Safe trading
@BLawrenceM
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out