My promise was to spend more time with the currency pairs and thanks to my wonderful trader friend in Bergen to share with me the fundamentals so that I could work the chart with him LIVE. We are looking at annual high prints after a massive news driven event. This pair is an outstanding example of price, volume, news, regional economic concerns and everything...
The USDNOK having a huge climb the last week. This kind of price action I do not find to be sustainable over time. I trade pure price action and all other technical indicators is only factors I use for supporting my zones. The aggressive rise in price is going to come to a level that has confluence with a fib extension price target that makes the setup lower risk...
