USDNOK - Sell/Sell on Rally - Short-term
This is just a short-term trade.
As I see weakness/overbought conditions in daily/weekly charts and a very clear RSI divergence on Daily chart, and developing on Weekly chart.
However, monthly chart is still bullish/neutral.
Therefore, only a short-term position seems justified to me (after next month candle, I may continue the trade)
Trade is active for me. I have entered short at 9.10
Will add more shorts if it moves towards 9.15
Target is around 8.95/8.90
As I see weakness/overbought conditions in daily/weekly charts and a very clear RSI divergence on Daily chart, and developing on Weekly chart.
However, monthly chart is still bullish/neutral.
Therefore, only a short-term position seems justified to me (after next month candle, I may continue the trade)
Trade is active for me. I have entered short at 9.10
Will add more shorts if it moves towards 9.15
Target is around 8.95/8.90
Trade active:
I added more shorts at 9.14
The trade may not reach the target of 8.95, but if it can even go down to 9.00, i will be happy and take profits there.
The trade may not reach the target of 8.95, but if it can even go down to 9.00, i will be happy and take profits there.
Still have half my trade, will keep that as i expect this to go down further.
After closing the 9.20 trade, my new trade average is 9.1270
It's in a little bit profit right now but i will keep holding it until 9.0 possibly or lower. Will have to see what happens this month