USD/NOK End of trend round 5.

USD/NOK

Price have traded outside of the current channel and fell back inside printing a potential blow off top.

Have re-entered 1/3 size on this setup too.
I dont like opening a fresh trade friday afternoon and holding over the weekend.

Note

Rolled SL to breakeven.

Note

Limit short order out
@10.55
SL 10.70
TP 10.00 ( lower daily channel target )

IF filled, then my position will be 2/3 of full risk

Note

Moved pending to 10.5428 ( 61.8% fib of recent leg )
Will move pending order every day if needed.

Trade active

Filled

Note

Stop hit on position 2.
SL on positon 1 is 10.80

Note

Price is now on 61.8% of recent 4H leg down.
NFP tomorrow, so i dont retake position 2 before the event.

Price will give a new entry next week if the thesis is correct.

Trade closed: stop reached

I was the top tick on this SL

Note

Still monitoring the pair.
Since it will set up nicely again.

Waited for this trade for month, and having this outcome can be tough, but again, i dont complain much when i get a top tick fill on my fib plays that goes to TP painfree in less time than normal.

Norsefx

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Norsefx

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