fxjoe_
Long

USD/NOK Long Bias

FX:USDNOK   U.S. Dollar/Norwegian Krone
With price holding its steady uptrend all year I'd still be looking to go long on this pair. At the moment we can see the 4HR had a nice run up on Aug 14 with price going from 8.87136 all the way to 9.03077 where we saw selling pressure come back into the market for a pull back for us to get a possible long position. Pulling the the Fib tool from Aug 14 price at 8.87136 to the top of the pull back at 9.03077 we have a nice zone between the 61.8 and 50 % to go long.

Will see how this plays out when the markets open !
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