USDNOK trade ideas
USDNOK - Sell/Sell on Rally - Short-termThis is just a short-term trade.
As I see weakness/overbought conditions in daily/weekly charts and a very clear RSI divergence on Daily chart, and developing on Weekly chart.
However, monthly chart is still bullish/neutral.
Therefore, only a short-term position seems justified to me (after next month candle, I may continue the trade)
Trade is active for me. I have entered short at 9.10
Will add more shorts if it moves towards 9.15
Target is around 8.95/8.90
USDNOK - ShortGot out of USDSEK before the news and now I'm in USDNOK after the news. It closed bearish and made new lows so I'm in.
It's Friday so I will need to get out if it doesn't move much - which is an added risk.
I have not caught many good ones this week - the only thing that has kept me alive is money management.
LONG UPDATEVery bullish opening for the US dollar index I can see only higher lows on the smaller timeframes. at this rate we should see a 89 break on the USD sometime tonight. nothing is guaranteed. we can make predictions and try to pick the top like these shorts or follow the wind and adjust our sails accordingly. Goodluck to all!
90 percent here are short. the same percent fail. as you can see we have been bullish since that start. shorts expecting a dip haven't been following the USDX and are only seeing what they want. If we continue the current trend my EOW price target is 9.20s.
Entry:9.12-9.13(2 lots)
SL:9.09
PT:9.60s
remember this is only my starter position as I begin to add with a little more size once it begins to work in my favor. GLTA this week