ACROFX
Long

Possible long-entry in USDNOK

FX:USDNOK   U.S. Dollar/Norwegian Krone
11 0 0
After a massive move down in USDNOK             recent days (helped by a stronger/higher oil             price), we are currently around earlier support area (8.20-8.22). In that matter, we might see a short-term bounce to retest earlier support area as resistance.

The case is to go long from current levels (8.20-8.22), but only use 50% of desire position as the pair could fall further down to next support area of 8.15. The objective price target in this case is 8.35.

Stop loss should be executed if the pair closes below 8.15 in 4H timeframe.
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