USDNOK within a maximum of 4 yearshere we can see a lot of buy pressure in the lasts days because the fed cuts. this pair next move is a BIG sell , the rsi on 1D is in 72.50 and also the resistance of 8.95 -9.00 .
entry : 8.92
sl 9.05
tp1 8.78
tp2 8.60
tp3 8.50
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USDNOK trade ideas
USD/NOK SELL SETUP AS PRICE LAST WEEK WENT DIRECTLY UP WHAT I DIDNT EXPECT, WE COULD BE LOOKING NOW AT THIS SETUP.
I BELIEVE NOW MARKET MAKERS HAVE ENOUGH LIQUIDITY TO CHANGE DIRECTION, AS MANY BUYERS WILL BELIEVE WE BROKE OUT AND COMING BACK FOR A RETEST TO CONTINUE.
BUT BE AWARE AS WE HAVE ALSO FUNDAMENTALS COMING ON THIS WEEK ON USD.
USE ALWAYS GOOD RISK MANAGEMENT!
USDNOK to reverse from downside confirmation, potential drop!
USDNOK to reverse from its downside confirmation at 8.68724 where it could potentially drop further to 8.65682.
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USDNOK to reverse from downside confirmation, potential drop!
USDNOK to reverse from its downside confirmation at 8.72425 where it could potentially drop further to 8.68724.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK to climb from upside confirmation, potential bounce!
USDNOK to climb from its upside confirmation at 8.69565 where it could potentially bounce further to 8.72425.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.