Possible short-setup in EURNOK
We have a negative divergence between RSI and price, as price has gone up, we have a lower high RSI. This should support that recent move is a bit extended. Furthermore, we have also reached .0764 FIB from 2014 highs, which also supports a break and a pause in the current uptrend.
In that matter, we do find a counter-short position from current level should offer a good risk/reward.
TP: 9.30 and stop if the price closes above 9.65 on daily basis.
In that matter, we do find a counter-short position from current level should offer a good risk/reward.
TP: 9.30 and stop if the price closes above 9.65 on daily basis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.