MrDarcy
Short

USDNOK..soon to hit brick wall

FX:USDNOK   U.S. Dollar/Norwegian Krone
214 3 0
The USDNOK             having a huge climb the last week. This kind of price action I do not find to be sustainable over time. I trade pure price action and all other technical indicators is only factors I use for supporting my zones. The aggressive rise in price is going to come to a level that has confluence with a fib extension price target that makes the setup lower risk with a decent profit potential.

To get a better risk reward you can make an entry based on lower timeframe confirmation in the whole sone 6.2253-6.3500. Use e.g. 4 h chart with a bearish reversal pattern to identify the trimmed entry-point.
MrDarcy
3 years ago
Trail 5.9770 for locking in profit close to target.
Reply
ericdhammond
2 years ago
You have any thoughts on the current usd/nok situation?
Reply
MrDarcy ericdhammond
2 years ago
Hello. I have published the latest things I monitor on USDNOK.
Reply
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