Possible long-setup in USDNOK
USDNOK is again testing horizontal support around 8,15-8,10 area. For now, we have seen a possible bounce from support on the 4H timeframe. In that matter, we should have a great long-setup with entry around 8,18-8,16 with a stop loss if we close below 8,14 on a daily timeframe.
On the upside, we have target 1 at 8,25 and target 2 up against 8,30. This should offer a nice risk/reward.
On the upside, we have target 1 at 8,25 and target 2 up against 8,30. This should offer a nice risk/reward.
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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.