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peterbokma

EURNOK-SELL strategy Daily chart

Short
Euro / Norwegian Krone (FX:EURNOK)  
peterbokma  
FX:EURNOK   Euro / Norwegian Krone
Trend Analysis Chart Patterns Technical Indicators
4
4
trendanalysis chartpattern indicator
The pair had a very good run up, and the current pattern resembles a 'falls bull flag'. This suggests we may see a reasonable pullback, and the stochastic is on the high side as well, but still positive.

Strategy SELL @ 11.8350-11.8650 and place SL @ 11.9150 (financial stop) and take profit @ 11.6550 for now.
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