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Occasional Contributor
Posts: 8
Registered: ‎08-02-2018

USDNOK #Technical_analysis

Hi Traders,

 

I was monitoring the USDNOK for while and finaly last week on friday after the NFP i catched a swing trade that i closed yesterday with a profite of + 10.24% on my portfolio Smiley Happy

On the Weekly time frame the structure is correcting for further mouvement to the upside,

On the Daily and lower time frame the price action failed to make it through the 8.0293 area, so i'm expected the price will role down till 7.900 level for new attempt for a bounce backup,

 

I will be looking for long trade pattern on the short and meduim term,

Never risk more that 1 to 3 % per trade,

 

Best Regards,

Omar

 

Weekly time frame:
USD_NOK_20180210_19.48.png

4H Time frame:
USD_NOK_20180210_20.25.png

Community Manager
Posts: 1,154
Registered: ‎20-09-2016

Re: USDNOK #Technical_analysis

USDNOK on the downward movement at ~78500. Thoughts on this now?

 

USD_NOK_20180214_08.23.png

Occasional Contributor
Posts: 8
Registered: ‎08-02-2018

Re: USDNOK #Technical_analysis

The Dollar is very weak,

We might see it back again at bottom,