11021992
Long

USDNOK long entry as soon as markets open

FX:USDNOK   U.S. Dollar/Norwegian Krone
174 3 10
Hi all,

On the USDNOK             (which is the Norwegian Krone, keep learning guys!) we have a solid entry as soon as the market opens in a few hours.
The visual flow is clearly up and on the 4h and 1h chart there is divergence on the RSI (please see below)
Entry is based on a swing high of exactly 1 year ago in combination with the 61.8% retracement of the recent swing.
Stop below the 38.2% retracement of the upward move since 2015 of last year. Targets are based on structure.

Entry: 8.40
Stop: 8.2585
Target 1: 8.589
Target 2: 8.7295
Target 3: 8.987

Best of luck!
Trade active
Comment: Target 1 hit. Took partial profits. Moved stop to just below entry point.
Comment: Adding more lotsize when price hits back to 8.4050
The latest Forex Weekly Outlook video has been released! Check it out at https://www.youtube.com/watch?v=7s3snUVNg48


Telegram channel: https://t.me/tng_signals
Sponsor broker https://goo.gl/68jYzP
Thank you
Reply
11021992 PRO Akhmatbek
Maybe it will retrace to 8.4895, for a good new entry.

snapshot
Reply
snapshot


Divergence on the 4 hour chart.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out