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USD/NOK

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USDNOK trade ideas

USD/NOK Possible LongUSD/NOK Multiple Time Frame Technical Analysis: This seems to behave locally according to the (-- Three Drives Pattern --) It already (-- MADE ALL THE RETESTS --) and is supposed to hit the next drive up. -- The Price is supposed to hit the Target Level 1 within the range of 10.80 -- (-- High Risk --) -- The Price is supposed to hit the Target Level 2 within the range of 11.10-- (-- Normal Risk --) The Risk to reward ratio indicates a high risk because Its a little bit late to enter the trade. Trade Wisely Note: - These Forecasts are Observational Forecasts, and should not be used in applying any trading strategies. - No Hedge Funds Analysis were included in the analysis. (-- Please Consider --)
Long
by MohamedYAbdelaziz
USDNOK Long Trade - Entry 10.795Stop Loss = 10.476 / Take Profit = 11.7521 > Coupled with a 1% risk and 3% reward. Once the trade reaches a 1:1 point move SL in front of the entry to protect the downside. If it takes you out we can always re enter at another opportunity. As the trade progresses i will comment every change to show you how i make to maximize profits. Remember Risk/Reward is the key, we will take losses along the way but overall profit in the long run. If you enjoy follow and like my ideas and if you have questions message me. Keep Chasing that Paper!!!
Long
by PaperChaser12