TradingView
TomProTrader
Jan 10, 2017 2:41 PM

USDNOK buy set up Long

U.S. Dollar/Norwegian KroneFXCM

Description

Hi guys,

I am expecting some move up on this pair. It seems to be breaking out on the daily so buying the breakout is a good idea.

Thank you for your support.

Comment

Turn around within the long term structure- will price test the bottom for move move up? We will soon find out. Anyone actively in this trade shouldn't be, as the dark cloud cover and follow through shows a change of pace, wait for a corrective move and possibly get back in.

Comment

Price has tested bottom of structure, will price break to the upside in structure again? Or will price break down below structure to invalidate buys?

Comment

Buys invalidated, but see potential for set up soon. Will update with a new idea accordingly.
More