USDNOK: Price has been in a uptrend, i am going for a double top/SR play on this one.
1H Closed below SR so 1/3rd of the position is now short.
IF price breaks down from this area i will use fibs from recent high to the new lows and go for a fill at 61.8% fib to add the other part of the position.
1H Closed below SR so 1/3rd of the position is now short.
IF price breaks down from this area i will use fibs from recent high to the new lows and go for a fill at 61.8% fib to add the other part of the position.
Trade active:
1/3 still active.
Price is showing some signs of exhaustion.
No action taken on this point.
Next limit order will go in using the 1H xhart within a timespan of 12-48 hours from this update.
What i am looking for: Price to go deeper, when price looks like it wants to bounce, i will draw fiv retracement, and place sell order on the 61.8%
I may have to move the limit order around, just in case it moves down a leg before filling attempt no.1
Price is showing some signs of exhaustion.
No action taken on this point.
Next limit order will go in using the 1H xhart within a timespan of 12-48 hours from this update.
What i am looking for: Price to go deeper, when price looks like it wants to bounce, i will draw fiv retracement, and place sell order on the 61.8%
I may have to move the limit order around, just in case it moves down a leg before filling attempt no.1
Trade closed: stop reached
Trade closed manually:
Will monitor this pair.
Cash for now.
Cash for now.