vlad.adrian
Long

USDNOK - Short Norway update 3

FX:USDNOK   U.S. Dollar/Norwegian Krone
180 8 5
The weekly chart is still bullish
snapshot
. This pair is heading for the all time high.

I did not have a long on this pair because I closed my previous position too early, but on Monday I bought small amounts back. Today I have added to my long, and depending on tomorrow's price action, I might buy again.

Bullish engulfing at value and at major resistance, now support. Look for 7.30000

Rebounds

motleifaul
Correction due.
motleifaul about USDNOK 1 2 years ago
MisterTrader
2 years ago
snapshot

Hi, I think you fight against bearish pinbar momentum on Weekly.
Good luck mate
Reply
vlad.adrian PRO MisterTrader
2 years ago
A glance at the chart and you would see that a pin bar does not mean anything! One glance!
Reply
davidm22
2 years ago
This is the first serious pull back after a major move up so theory says to buy for at least a retry of the previous high. It seems to be resting on an underlying long term trend line right now .
Reply
I forgot to mention the other times I added to my long... This must be the 3rd or 4th time I add.

10.12.2014 added 3.5
snapshot
Reply
16.12.2014
snapshot
The move is parabolic. I have closed 3.5 out of my total of 11.5
Reply
17.12.2014 closed another 2.5 (only 2.5!!!!!) out of the 8 remaining
snapshot
Reply
17.12.2014 Oil is rebounding. closed more
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4.5 remaining
Reply
17.12.2014 closed one more
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Reply
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