EURNOK: Downtrend continuation
- This pair has been in a long term downtrend
- With the Euros short term uptrend against other Pairs the Norwegian Krona kept the Euro under control and gave up minimal territory to the Euro
- This trade was on our watchlist after we saw Lower highs and a Bearish pin bar/inside bar combo
- We entered this short trade following the break of the candlestick formation and a break of the 200 day MA
- We will add to the trade should the pair close below the previous lows at 10.45 level
- With the Euros short term uptrend against other Pairs the Norwegian Krona kept the Euro under control and gave up minimal territory to the Euro
- This trade was on our watchlist after we saw Lower highs and a Bearish pin bar/inside bar combo
- We entered this short trade following the break of the candlestick formation and a break of the 200 day MA
- We will add to the trade should the pair close below the previous lows at 10.45 level
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