USDNOK - the trend is your friend - possible long trade setup

FX:USDNOK   U.S. Dollar/Norwegian Krone
After the recent breakdown of 8,40 level, we have seen a fast move down to the long uptrend since may this year with higher lows, given support around 8,25 area.

This should trigger a great long trade with good risk/reward ratio.

Buy area is 8,23-8,27 with a stop if we close below 8,20 on a daily basis. Target 1 is set to 8,40 and target 2 at 8,55.

Play safe!
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