Showing posts with label EUR/NOK. Show all posts
Showing posts with label EUR/NOK. Show all posts

Wednesday, 23 October 2013

EURNOK At 8.1300 ~ At Supply?


While this pair has gone up quite a bit in the last 3 days, forming a Three White Soldiers formation within the up-channel, which could move it higher, I do think it is near the top of the range and I am therefore adding a pending sell order a few hundred pips higher, at 8.2300ish. Should my stop hold, I would look to take profit near the big level of 8.1000 or lower, depending on circumstances as they change.

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.