FOREXCOM:NOKDKK Norwegian Krone / Danish Krone
We can see that its clearly in a decisions making zone. Will it go up or will it go down? This is a NO TRADE ZONE FOR ME. I wait for it to signal by closing on one side of these lines to signal continuation or reversal BUT WE DONT BUY OR SELL THAT BREAK OUT. We wait for the pullback and get in or ladder in there. This makes your stop loss a no brainer and you didn't have to try and catch the knife. Instead you let if fall and you picked it up off the damn floor. NOT FINANCIAL ADVICE. TRADE SAFE.
Comment: Looks like we got a close above. Signal this thing could is ready to go up.
Comment: We got the perfect pullback, almost all the way back and then launches it. Look for gains and holds. Take profits and put stop in profit. GG.
Comment: Looks like she's going to hold, this ones probably going higher. GG
Comment: took a minute, but she finally moved up after many days of closing above support.