MrDarcy
Short

USDNOK..soon to hit brick wall

FX:USDNOK   U.S. Dollar/Norwegian Krone
215 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.
You have any thoughts on the current usd/nok situation?
Reply
MrDarcy ericdhammond
Hello. I have published the latest things I monitor on USDNOK.
Reply
Trail 5.9770 for locking in profit close to target.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out