EURNOK - what's going on here!?Hello guys, here is the market reaction during previous 0.25 bp rate hike by Norge bank. There was another 0.25 bp rate hike today and supported by last night 0.25 cut by FED and last week 0.10 bp by ECB, such behaviour makes no sense to me.
Opinions are welcome. I am staying short here, waiting as long as needed, but trying to understand Why ?
EURNOK trade ideas
EURNOK Target Price 10.05937 Objective 3.18REURNOK Entry 9.97896 EURNOK Exit 10.05937
Candlestick broke 9.97896 price level. Candlestick retested 9.97896 price level. Entry was a Sell Limit for price level 9.97896. And Exit was 10.05937. Stop Loss was placed beneath the breakout candle.
Conditions: Closing Price above the diagonal line and horizontal line. Price closed above the diagonal line and horizontal line on the Daily Time Frame.
Breakout