USDNOK: Long term uptrend resumption
Updated
We are already in longs in this pair, from lower, and we had taken a shorter term long before, but booked profits.
We added to longs a bit lower, but you can still join this uptrend now, with a wide stop for the long term.
Risk a drop under 7.9250, to reach 11 or higher in the long run.
We're above the monthly mode and I expect to get monthly confirmation in the form of a rally above 8.40055 soon.
Good luck!
Ivan Labrie.
We added to longs a bit lower, but you can still join this uptrend now, with a wide stop for the long term.
Risk a drop under 7.9250, to reach 11 or higher in the long run.
We're above the monthly mode and I expect to get monthly confirmation in the form of a rally above 8.40055 soon.
Good luck!
Ivan Labrie.
Comment
Add a 1/2 size position now. You can risk up to 2% with the same stop.Comment
Good progress, we now are forming a strong explosion pattern, signaling immediate uptrend continuation after breaking out higher.I'll update once it's ready to trigger the short term buy.
Comment
Safe to hold now.
Trade active
I'm buying back my long term position here over the next 7 days. 0.01 lot per 10k in the account, per day, going into FOMC. No stop loss required.
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