A top is made in USDNOK?
Since the recent high of 8.60, we have now a set of lower high and lower low. The pair is now testing earlier floor (support) as resistance. If we manage to turn down from current levels (8.42+), we should retest the recent lows around 8.33.
In that matter, we should have a nice risk/reward for a short-setup in USDNOK. Short from 8.41-8.44 which stop above 8.46 and target 8.33 and below (can trail from these levels).
In that matter, we should have a nice risk/reward for a short-setup in USDNOK. Short from 8.41-8.44 which stop above 8.46 and target 8.33 and below (can trail from these levels).
Related publications
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.