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11021992
Jan 22, 2017 8:01 PM

USDNOK: Bullish bat pattern Long

U.S. Dollar/Norwegian KroneFXCM

Description

Hi traders,

On the USDNOK we have a potential bullish bat pattern taking shape. Entry and completion at point D.
Entry: 8.33216
Stop: 8.26198
Target: 8.52130 = R:RR 2.70

Good luck guys! I will be updating this post as time progresses.

Trade active

Comments
rickjon
Hi, this is a very long term trade if it actually comes around. I watch the EURNOK as I live in Norway and I don't think the USD will gain so much, even the € is getter weaker against the NOK. I don't think Donald will have so much effect, I actually think it will do the opposite and that the USD will actually lose against the the NOK.

No hard feelings but I will of course be following this trade as correlations are strong. Thanks for all your good ideas and for your Input.

Have a great week and trade safe :)
11021992
@rickjon, USD sure seems to have lost power. And yes it's a long term trade, but that's the way I trade.
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