EURNOK - possible long trade
EURNOK has fallen to great support just above 9,20 area, including horizontal support and a long trendline since the bottom since april/may this year.
For now, we might have seen a whipsaw of possible longs, as the price was below trend support. If the price manage to go above the trend and close higher than current level, we might see a possible rebound.
Long trade setup:
Entry around 9,23-9,25. Stop if we close below 9,21 on a daily basis. target is set to 9,40.
For now, we might have seen a whipsaw of possible longs, as the price was below trend support. If the price manage to go above the trend and close higher than current level, we might see a possible rebound.
Long trade setup:
Entry around 9,23-9,25. Stop if we close below 9,21 on a daily basis. target is set to 9,40.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.