soheil.salarimanesh

Short Position on USDNOK according to the previous analysis

Short
FX:USDNOK   U.S. Dollar/Norwegian Krone
Finally, price has been broken the daily structure after making a triple top as we expected according to the previous analysis. Right now price is correcting the previous bearish movement. We are waiting for breakout of the hourly corrective structure to enter the short position to the previous daily support zone as well as 1.61 of Fibo level.
Will update the idea in case of breakout.

Trade active:
Trade has been activated.
Comment:
Price has moved as expected and to secure the trade we have moved our stop loss to the entry point.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.