EURNOK trade ideas
ridethepig | NOK Market Commentary 2020.05.21A very technical environment here with Germany away from their desks, support clearly defined at the 10.8x lows while resistance towards 11.05x will cap the highs.
With Crude starting to reach interesting levels for sellers the NOK rally will begin to unwind. The supply side can rebalance as much as they like, it will not offset the demand shock:
EUR/NOK Long biasAccording to my set of rules, this set up I am showing in my chart is a high probability setup. we have large bullish candles, meaning there is a lot of buying orders. I'm not 100% sure it gonna go up from that zone. no one does, this is a probability game. so use proper risk management, I recommend 1%. Also, this can go a lot higher than what I have placed witch is a 1:3 RR. the reason I put 1:3 RR is so that you don't let your emotions control you and get all greedy.
I also have a youtube channel if you guys want to check Me out.
you can find me if you search Harley Lucatero