USDNOK: Support found at the linear regression channel
USDNOK looks good here, we're long from earier today when we broke last Friday's high.
If not in you can enter gradually into the trade, buying 0.02 lots per every 10k in your accuont for 5 days. Alternatively, risk 0.5% with a stop at last Friday's low, and enter at market, add more to risk 0.5% more if it drop under your entry in the next 3 days.
Good luck,
Ivan Labrie.
If not in you can enter gradually into the trade, buying 0.02 lots per every 10k in your accuont for 5 days. Alternatively, risk 0.5% with a stop at last Friday's low, and enter at market, add more to risk 0.5% more if it drop under your entry in the next 3 days.
Good luck,
Ivan Labrie.
Comment:
I got out before it broke down, it's now out of the linear regression channel support, it could go sideways some more, or dip a tad lower first.
I'd assume the market is waiting for Trump by the 20th, cause all USD news are out of the way now. I'm not active in FX much since December and I reccomend to stay away or trade very small until Feb/March. The period from December to February has been my worst, when it comes to FX trading historically, so this year I took a break.
I'd assume the market is waiting for Trump by the 20th, cause all USD news are out of the way now. I'm not active in FX much since December and I reccomend to stay away or trade very small until Feb/March. The period from December to February has been my worst, when it comes to FX trading historically, so this year I took a break.
Comment:
If you change to a 3 standard deviation linear regression channel, you'd see that support held. You can go long on dips, or making new highs in the daily relative to the last closed bar.
Comment:
Comment:
We went long at the open.
Trade active
Higher crude prices today slow this pair down, but it's only a matter of time.