USDNOK long entry as soon as markets open
Hi all,
On the USDNOK (which is the Norwegian Krone, keep learning guys!) we have a solid entry as soon as the market opens in a few hours.
The visual flow is clearly up and on the 4h and 1h chart there is divergence on the RSI (please see below)
Entry is based on a swing high of exactly 1 year ago in combination with the 61.8% retracement of the recent swing.
Stop below the 38.2% retracement of the upward move since 2015 of last year. Targets are based on structure.
Entry: 8.40
Stop: 8.2585
Target 1: 8.589
Target 2: 8.7295
Target 3: 8.987
Best of luck!
On the USDNOK (which is the Norwegian Krone, keep learning guys!) we have a solid entry as soon as the market opens in a few hours.
The visual flow is clearly up and on the 4h and 1h chart there is divergence on the RSI (please see below)
Entry is based on a swing high of exactly 1 year ago in combination with the 61.8% retracement of the recent swing.
Stop below the 38.2% retracement of the upward move since 2015 of last year. Targets are based on structure.
Entry: 8.40
Stop: 8.2585
Target 1: 8.589
Target 2: 8.7295
Target 3: 8.987
Best of luck!
Transaction en cours
Note
Target 1 hit. Took partial profits. Moved stop to just below entry point.Note
Adding more lotsize when price hits back to 8.4050
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.