Possible long-setup in USDNOK
USDNOK is again testing horizontal support around 8,15-8,10 area. For now, we have seen a possible bounce from support on the 4H timeframe. In that matter, we should have a great long-setup with entry around 8,18-8,16 with a stop loss if we close below 8,14 on a daily timeframe.
On the upside, we have target 1 at 8,25 and target 2 up against 8,30. This should offer a nice risk/reward.
On the upside, we have target 1 at 8,25 and target 2 up against 8,30. This should offer a nice risk/reward.
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