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This Daily Chart of USD NOK shows the turnaround today of more buying of the Greenback across the currency's.
1HR Chart below:
This Daily Chart of USD NOK shows the turnaround today of more buying of the Greenback across the currency's.
1HR Chart below:
Trade active
BUY USD ZARBuy up until 17.35
STOP LOSS: 17.12
TAKE PROFIT 18.20
Note
Trade retracing a bit today in the Asian session. There are no bearish head n shoulders that I can see. I understand it just completed a 50% fib retracement.Trade active
Theres a lot of selling pressure, but I believe it to be turning soon.This is a deep-RSI pullback/reversal trade so when it does turn it will be very big.
If you are unfortunately stopped out, keep an eye on this trade and consider getting back into a Long position.
Note
Note
New buyers are entering at the 61.8% level. I think this is right now and has turned. Awfully close to Stop Loss.Note
With a bit of luck an uptrend is now carved out.Price back to the anchored VWAP represents a gain of over 6% in this trade.
I hope we get there.
Trade active
Long USD ZAR:Hey this is breaking out nice now!
Note
Historical RSI cross ups Gains last 2 years:Trade active
Latest blow-off was only a Fib Retracement playing out now still.You could enter this trade at these Fib levels.
Trade active
USD ZAR update:pullback appears to be a liquidity run.
buy orders could be made at these levels.
SL: 17.12
TP 18.20
Trade active
A supportive W-Bottom Structure is currently getting written.
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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.