Disclosure: 2 x RM Long Positions. Prices not revealed to Public.
I like long EURNOK and am putting my money where my mouse is.
What I see:
(1) Break-Out above Upper-Bound of Falling Weekly Channel.
(2) Successful Back-Test & Continuation of (1) @ 9.22 level and 50% Fib Retracement of (1).
Why I like the Trade:
(A) Price Action: Strong Daily bounce at (2); Technical levels held; Reversal & Momentum challenging resistance levels.
(B) Behaviour: Bulls encouraged by follow-through; new shorts pressured to cover.
(C) Risk Management: 50% of position treated as short-term scalp; can easily adjust the capital exposure <> initial outlay.
(D) Trade Selection: Trend-following; Back-Test; Continuation-Confirmation all align with my process.
I like long EURNOK and am putting my money where my mouse is.
What I see:
(1) Break-Out above Upper-Bound of Falling Weekly Channel.
(2) Successful Back-Test & Continuation of (1) @ 9.22 level and 50% Fib Retracement of (1).
Why I like the Trade:
(A) Price Action: Strong Daily bounce at (2); Technical levels held; Reversal & Momentum challenging resistance levels.
(B) Behaviour: Bulls encouraged by follow-through; new shorts pressured to cover.
(C) Risk Management: 50% of position treated as short-term scalp; can easily adjust the capital exposure <> initial outlay.
(D) Trade Selection: Trend-following; Back-Test; Continuation-Confirmation all align with my process.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.