USDNOK : Short setup

FX:USDNOK   U.S. Dollar/Norwegian Krone
111 5 7
Hello traders,

There´s a potential wolfe wave pattern , with a target 8.06 area , and SL 8.76

6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high .
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

Josep Pocalles
Trade active: Trailed stop to 8.745
Trade active: Trailed stop to 8.575 , locked profits
Trade closed: target reached: Stop profit hit
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Stop profit was hit , I will consider a new short when price returns below ascending line to confirm forecast is correct
I will add another short on the downside breakout :
Looks solid man.
+1 Reply
Realisto_FX IvanLabrie
Welcome mate
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