The price has moven quite fast in USDNOK since the bottom mid-august and currently testing 50% retracement from highs due July this year. If we fail to break above 8,36, we should see a test of the recent breakout area around 8,25.
In that matter, I believe this pair offers a great trade setup (short).
Trade setup: Short from 8,33-8,35 with a stop if we close above 8,36 on daily basis. Target is set to 8,25.
Play safe!
In that matter, I believe this pair offers a great trade setup (short).
Trade setup: Short from 8,33-8,35 with a stop if we close above 8,36 on daily basis. Target is set to 8,25.
Play safe!
