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peterbokma
Oct 26, 2023 3:07 AM

EURNOK-SELL strategy Daily chart Short

Euro Fx/Norwegian KroneFXCM

Description

The pair had a very good run up, and the current pattern resembles a 'falls bull flag'. This suggests we may see a reasonable pullback, and the stochastic is on the high side as well, but still positive.

Strategy SELL @ 11.8350-11.8650 and place SL @ 11.9150 (financial stop) and take profit @ 11.6550 for now.
Comments
q55zbph8yz
I hope
peterbokma
@q55zbph8yz, its range bound, but tendency is south and feel we have a chance. tc
devigriffel
I have the same view.. already started to sell..
peterbokma
@devigriffel, great and good luck as well. Kind regards
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