Wednesday 25 September 2013

EURNOK Triangle ~ Fading Move Up

EUR/NOK is not a pair that I don't have extensive experience with, but it does offer opportunities. I'm noticing that price has moved into what I consider the upper end of the range for the last several months, so I think a sell with a reasonable stop makes sense from a risk reward perspective:
Selling near current levels 8.14000 for a move back down even to 8.00 or lower, say to 7.8000-7.9000 with a stop above the recent highs at 8.1650 could work out.

No comments:

Post a Comment