On the USDNOK (which is the Norwegian Krone, keep learning guys!) we have a solid entry as soon as the market opens in a few hours. The visual flow is clearly up and on the 4h and 1h chart there is divergence on the RSI (please see below) Entry is based on a swing high of exactly 1 year ago in combination with the 61.8% retracement of the recent swing. Stop below the 38.2% retracement of the upward move since 2015 of last year. Targets are based on structure.
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