Market watch – $USDNOK 11-22-2016

Every week a new trading opportunity !

On our market watch today is USD/NOK. The pair is retesting broken Pitchfork channel 8.5000 level and seems to be forming pin bar with a lot of buying in the zone 8.4850-8.5000. The break of 8.5000 level indicates uptrend continuation.

Recommended trade size should be adjusted to your risk profile and money management. 

Preferred trading strategy  pending buy stop above today close and a SL below 8.4800.

Happy trading! (click on the chart to enlarge it)




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