USDNOK SHORT
MY ENTRY ON USDNOK
Entry: 9.77
Stop Loss: 10.1
Take Profit: 8.75
Risk / Reward: 10
Considering taking profit at 9.2 if Fib resistance holds.
Then i will be looking for a new short entry at:
Entry: 9.56
Stop Loss: 9.83
Take Profit: 8.75
Risk / Reward: 3
I'm focusing on the USD / NOK pair as NOK is heavily affected by oil prices, which are increasing.
The Norwegian government do not print new money, as they use their oil fund money to get through the crisis.
The fed are printing a lot of USD.
Norwegian Government are buying 2 billion NOK per day for a long period of time.
Entry: 9.77
Stop Loss: 10.1
Take Profit: 8.75
Risk / Reward: 10
Considering taking profit at 9.2 if Fib resistance holds.
Then i will be looking for a new short entry at:
Entry: 9.56
Stop Loss: 9.83
Take Profit: 8.75
Risk / Reward: 3
I'm focusing on the USD / NOK pair as NOK is heavily affected by oil prices, which are increasing.
The Norwegian government do not print new money, as they use their oil fund money to get through the crisis.
The fed are printing a lot of USD.
Norwegian Government are buying 2 billion NOK per day for a long period of time.
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