USDNOK emotional selling overreaction. Buy the dip.
Updated
Emotional dumping.
People overreacting to weak inflaton figures on the usd (what a surprise bla bla bla ) whatever.
I think it could end soon.
Max target almost 3% up which is 3 ATR
Max stop loss 1 ATR down
But I aim to get out in the next 24 hours.
These are just the "max" in case something goes really wrong.
(After this strong selling I expect a strong bounce)
** Important to use small size here XD Risky.
People overreacting to weak inflaton figures on the usd (what a surprise bla bla bla ) whatever.
I think it could end soon.
Max target almost 3% up which is 3 ATR
Max stop loss 1 ATR down
But I aim to get out in the next 24 hours.
These are just the "max" in case something goes really wrong.
(After this strong selling I expect a strong bounce)
** Important to use small size here XD Risky.
Trade active
Note
Is that falling knife ever going to stop?I'll double up my size when we are 2/3 of the way toward SL in that support area, juicy RR then and tighter stop so it's ok to be a lil bigger then don't need to go small anymore.
Note
Here's your violent surge/bounce.I was sure this would happened, could smell it.
What I do not know is how far it will go so sit tight.
As long as we make a higher low
Note
Since we failed to close the daily above trendline I do not want to overstay my welcome.I will aim for a retest as resistance, and also stay in as long as we stay in a uptrend on the 5 minute chart (using the blue line as a reference).
Note
Getting close to that SLTrade closed: stop reached
No idea where it goes next. I am out.Note
Still going to follow this out of curiosity. I don't have big bullish plans for this.I think I am going to focus more on swing trading (3 days to 2 weeks) from now on.
I don't like the week being over thursday midday for me (I often hold for 1 whole day / overnight, don't want to hold over a weekend or have to cut early lol).
I will post more trade ideas, helps me keep track and flex, and less troll ideas.
Maybe some educational too as I learn new stuff.
Probably still going to have a few troll ones thought, some people are impossible not to play with :)
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