ACROFX
Short

Possible range-trading in USDNOK

FX:USDNOK   U.S. Dollar/Norwegian Krone
As the market has for some time now trading sideways/range mode, USDNOK             should offer a nice exit from 8,60 level down to possible support around 8,40.

After the announcement from Brexit, USDNOK             never managed to close and break resistance above 8,60 which now act as great barrier for the pair. In that matter, the risk/reward should be great for a short trade.

Trade setup. Short from 8,57-8,60. Stop if the pair closes above 8,61 on daily timeframe . Target 1 is 8,45 and target 2 is 8,40.

Play safe :)


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