USDNOK-BUY strategy Daily chartIt also has been a painful managed ride. The issue here, firm CPI and weaker US CPI etc. The ride down from above 10.80s and to the pre-CPI US numbers, was already a rich experience, and after we saw lows of 10.0950 area.
The shorter time frames are heavily oversold and the 2-hourly has turn signals and we may see corrective action soon, is my personal view. Being LONG at earlier levels and managed, means we add at the lower levels with low leverage of course, or place proper stops is another protective way no doubt.
Strategy BUY current @ 10.1000-10.1300 and take profit @ 10.2700-10.3000 for now. However, the correction could bringn us near 10.4500 overall, are my thoughts.
