USDNOK: Long term uptrend resumption

19. Okt. 2016

We are already in longs in this pair, from lower, and we had taken a shorter term long before, but booked profits.
We added to longs a bit lower, but you can still join this uptrend now, with a wide stop for the long term.
Risk a drop under 7.9250, to reach 11 or higher in the long run.
We're above the monthly mode and I expect to get monthly confirmation in the form of a rally above 8.40055 soon.

Good luck!

Ivan Labrie.

20. Okt. 2016

Anmerkung

Add a 1/2 size position now. You can risk up to 2% with the same stop.

21. Okt. 2016

Anmerkung

Good progress, we now are forming a strong explosion pattern, signaling immediate uptrend continuation after breaking out higher.
I'll update once it's ready to trigger the short term buy.

21. Okt. 2016

Anmerkung

s3.amazonaws.com/tradingview/snapshots/v/VRcokBUE.png

21. Okt. 2016

Anmerkung

Safe to hold now.

6. Dez. 2016

Trade ist aktiv

I'm buying back my long term position here over the next 7 days. 0.01 lot per 10k in the account, per day, going into FOMC. No stop loss required.