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USDNOK

UKOIL - Possible short trade setupWe have recently seen a nice rebound in UKOIL after the massive downturn due this summer from 50 area. As for now the price as has retraced around 61,8% from consolidation high around mid 48 area, which also acts as horizontal resistance around 46 area. Short term, we should see some support around 43,50. If this level fails, we could very likely retest recent lows around 41 area. In that matter, trend is your friend and a possbile short trade should be nice. Trade setup: Short at current levels (43-44 area) with 1/3 of desired size. Rest if we rebound up to 45,50-46. Stop loss if the price closes above 46. Target should be mid 30's.
FX:UKOILShort
by ACROFX
Possible range-trading in USDNOKAs the market has for some time now trading sideways/range mode, USDNOK should offer a nice exit from 8,60 level down to possible support around 8,40. After the announcement from Brexit, USDNOK never managed to close and break resistance above 8,60 which now act as great barrier for the pair. In that matter, the risk/reward should be great for a short trade. Trade setup. Short from 8,57-8,60. Stop if the pair closes above 8,61 on daily timeframe. Target 1 is 8,45 and target 2 is 8,40. Play safe :)
Short
by ACROFX
Shorting USDNOK, againGood morning traders, I´m been heavily bearish on this pair for months and downtrend is resuming after correction till 8.4 . I think a retest to 8.00 area is stil posible while price is below 8.25 on a daily close . So shorting @ MKT You can subscribe to my mailing list for FX Alerts : eepurl.com 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit 3. Think like a fundamentalist, trade like a technician . 4. Keep your analysis simple 5. Start small and increase exposure when trend is confirming your analysis 6. The hard trade is the right trade Josep Pocalles www.realisto.net
Short
by Realisto_FX