Long

NOKJPY - KRONE / YEN - 4HR What to expect.

Updated

NOK/JPY looks like it wants to reverse trend by giving us a nice 4hr range break signal. Closes above the last leg down gives me the impression it wants to move upwards soon. At this moment there are two closes above the golden line which is good, a few more would be better. But before we FOMO LONG, stop and think, "could this retest lows?". Yes. In fact that's what I expect it to do. More often than not it gives a nice test of lows before it swings up, but not ALWAYS. So don't try to immediately short this thing and profit on the retest, it doesn't always happen. I've seen tickers just blast off w/ no retest at all.

Anyways.
I'm getting long on the retest of lows with stop loss below previous lower low. Green lines above are profit targets. NOT TRADING ADVICE. TRADE SAFE.

Note

There's the pullback like we expected, get ready boys and girls to get long. Lets see if she's ready to hold and then blast off!

Trade active

Getting some buys after the retest. The retest made a lower low, which I typically welcome because the big boys like to push it after that new lower low. Looks good for that swing up that we want. I'm long @ 11.7572. Reached one PT, stop just below break even.

Trade active

Got a brutal drop back down to entry. Going to add to my long here. Honestly, I didn't expect it to literally test the bottom of the range again, but this could be a good thing. Hopefully you took profits.

Any ways, get long/add to position here with tight stops. NOT FINANCIAL ADVICE - TRADE SAFE.

Trade active

They pushed it down to 11.62 stopping out the entire world, haha. Re-entered a new position at 11.66. Just took some profits, top at break even. NOT TRADING ADVICE.

Note

We are almost back at entry after taking profits. Might get stopped out in profit on this one if she can't hold. Still looking for a bounce but this one might go lower. Still long @ 11.66.

Trade closed: stop reached

Got stopped out after taking profits barely made anything off this trade. Looks like there's a new range so lets see if she can break and hold the top range here.

SatoriTrades

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