peterbokma

USDNOK-SELL strategy daily chart

Short
FX:USDNOK   U.S. Dollar/Norwegian Krone
No change in view. We are protected well at GANN resistance above 10.7500, which is slowly declining. The stochastic is negative, and RSI is POS.

The pattern suggest we should see lower, and considering the NOKZAR cross, this paiur should hit south as well, same as USDZAR did in the near term.

Strategy SELL @ 10.58-10.65 and place stop-loss now above 10.75. Take profit @ 10.3750.

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