peterbokma

USDNOK-BUY strategy Daily chart

Long
FX:USDNOK   U.S. Dollar/Norwegian Krone
The pair has been trading within a well defined band, and has been under pressure or support from NOKZAR pair, which has been hammered down.

The stochastic is POS and so is the RSI.

Strategy BUY between 9.9700 - 10.0450 and stop-loss below 9.9150. The profit order I suggest 10.3800. Mind the resistance @ 10.2100, and perhaps we trade it when approaching.

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