Get started
peterbokma

USDNOK-BUY strategy Daily chart

Long
U.S. Dollar/Norwegian Krone (FX:USDNOK)  
peterbokma  
FX:USDNOK   U.S. Dollar/Norwegian Krone
Trend Analysis Chart Patterns Technical Indicators
2
0
trendanalysis chartpattern indicator
The pair has been under pressure for good reasons, but as always, more severe than required. I feel the shape of the pattern may resemble "false bear flag" patter, and further low stochastic suggests careful, and the likelihood for move higher again.

Strategy BUY @ 10.1750-10.2150 and place SL @ 10.0450 and take profit @ 10.3850 for now.

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.