GBPNOK Inverted Hammer prints on Weekly Chart. Swing Trade
Just like my USDNOK trade price here on the GBPNOK is now testing support which was a level that was previous resistance back in May then price broke through. I will be going Long on this pair, with a smaller lot size but I will be holding this for a few weeks. If price closes on the weekly chart below support at about 11.4500 then I will close my trade but not looking to cash in on this pair anytime soon. Will probably hold it for a month or so.
Trade active
Closing half of position. Stop loss to break even and letting this thing ride. Took a little while to move but look how it just popped.Trade closed: target reached
Best trades I ever took were from the monthy, weekly and Daily charts. This trade was perfect.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.