USD BULLS are back and buying. Buy USDNOK
Aktualisiert
https://www.tradingview.com/x/W6szqDvh/
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 ist aktiv
BUY USD ZAR
Buy up until 17.35
STOP LOSS: 17.12
TAKE PROFIT 18.20
Anmerkung
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 ist aktiv
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.
Anmerkung
Anmerkung
New buyers are entering at the 61.8% level. I think this is right now and has turned. Awfully close to Stop Loss.
Anmerkung
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 ist aktiv
Long USD ZAR:
Hey this is breaking out nice now!
Anmerkung
Historical RSI cross ups Gains last 2 years:
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Latest blow-off was only a Fib Retracement playing out now still.
You could enter this trade at these Fib levels.
Trade ist aktiv
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 ist aktiv
A supportive W-Bottom Structure is currently getting written.
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