EUXNOK trade ideas
EURNOK short 1/3 size positionstop @ 10.35 target 10.02 the reason why I say 1/3 size position is because at these levels the risk to reward is simply not great and that is why we plan to take 3 more postions if the trade moves against us.
2nd 10.1950, 3rd 10.2250 and 4th @ 10.2650 which will give us a better risk to reward scenario.
EUR/NOK - H4 CHARTHi, today we are going to talk about EUR/NOK
We observe a H4, some important points. The details are highlighted above.
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EURNOK is near historical highest price As you can see EURNOK is near highest price (green line) and tested this line many times and fails to break this. its nice trade to sell at this price and put SL on top of that. in the other hand trend line (black line) is really strong and had been test for many times and again fail to break that. so we can take short here till target 1. if trend line breaks, target 2 and target 3 are accessible