peterbokma

USDNOK-BUY strategy 4 Hourly

Long
FX:USDNOK   U.S. Dollar/Norwegian Krone
The pair has been quite under pressure, and p0erhaps for the wrong reasons.
Currently, we have managed to move beyond 9.9900 and this helps the pair to recover further.

The strategy is BUY @ 9.9950-10.0400 and take profit @ 10.1200 for now. Note that 2-hourly stochastic is reaching heights, and it means the move will not be a one-way bet.

Stop-loss can place below 9.9350 for now.

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