gwizzle

Potential Continuation of Long Term Uptrend

Long
FX:EURNOK   Euro / Norwegian Krone
0
Potential continuation of long term uptrend following bounce off ascending channel support strengthened by 2009 and Jul-2015 resistances. Uptrend confirmed by bullish price and 50 MA both above bullish 200 MA. Potential trade following break of Jan-2015 resistance beyond circa 9.3000 up to target of 2009 resistance circa 9.7200. Potential 4.5% gains at a 1:2 risk to reward ratio.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.