USDNOK reversed off its resistance at 8.92350 where it could potentially drop further to 8.75474.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Hey traders,
We can see on the daily chart that bulls tried to push price up today but failed.
Bears seem to be in control as USDNOK looks to make a further move to the down side.
Stop loss set above the pin, and risk to reward target is 1.5
Simple price action and analysis!
Hey traders, as seen on the chart price has formed a very bearish pinbar on the daily.
Price also rejected the top of the trend line I have drawn.
Since this is a counter trend trade we are targeting conservative areas.
Risk to reward of 1.5.
Simple price action and technical analysis.
Daily trade analysis and ideas:
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