Market watch – $USDNOK 12-07-2016

Every week a new trading opportunity ! When you see a set up and you need support we are here ! Never miss a good trade.

On our market watch today is USD/NOK. The pair is  bouncing from 8.3000 level, deep neckline retest, of the Inverse H&S formation. Since October 2016 the pair is in uptrend and this is a perfect area for joining it for a target of 8.7000 at least. Let us remind you that trading with the trend will give you greater winner trades probability then picking a top with counter trend strategies.

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

Preferred trading strategy buy at the market with a SL below 8.3000.

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

usdnok trend trading strategy


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