Interesting opportunity on USDNOK
A fresh Head&Shoulders pattern just completed on the USDNOK weekly chart. Even if the pattern is not the cleanest ever seen, it's interesting to note how hard bulls and bears fought in the two previous weeks (look at that perfect shooting star) and how bulls clearly won the final round by far.
Nevertheless, let's be careful and always remember to apply properly money management to our trade. I'll enter with a risk of 1% and the following order: BUY STOP @ 8.6008, STOP LOSS @ 8.4219, TAKE PROFIT @ 9.2517 for a W/L ratio of about 1:3.4
Nevertheless, let's be careful and always remember to apply properly money management to our trade. I'll enter with a risk of 1% and the following order: BUY STOP @ 8.6008, STOP LOSS @ 8.4219, TAKE PROFIT @ 9.2517 for a W/L ratio of about 1:3.4
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