USDNOK buy set up

Hi guys,

I am expecting some move up on this pair. It seems to be breaking out on the daily so buying the breakout is a good idea.

Thank you for your support.

Yorum:

Turn around within the long term structure- will price test the bottom for move move up? We will soon find out. Anyone actively in this trade shouldn't be, as the dark cloud cover and follow through shows a change of pace, wait for a corrective move and possibly get back in.

Yorum:

Price has tested bottom of structure, will price break to the upside in structure again? Or will price break down below structure to invalidate buys?

Yorum:

Buys invalidated, but see potential for set up soon. Will update with a new idea accordingly.