Saxo

NAKD: Trading the Range for 4:1 RR

Long
NASDAQ:NAKD   None
NAKD - Short Term - We look to Buy at 0.5220 (stop at 0.4286)

Trading within a Bullish Channel formation. Price action has stalled at good support levels and currently trades just above here (0.5000). Previous resistance located at 1.0000. Offers ample risk/reward to buy at the market. The bias is still for higher levels and we look for any dips to be limited.

Our profit targets will be 0.8972 and 0.9600

Resistance: 0.7500 / 1.0000 / 1.1000
Support: 0.5000 / 0.4500 / 0.3000

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Trade closed: stop reached

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