My current open positions: EURUSD, EURNZD, AUDCHF, CHFJPY, AX_UN, CUF_UN, CSE, FTS, XHB, SBER, TRP, XIV, FXo EURJPY, FXo EURPLN
USD/NOK – Corrective Structure Held, Trade 750+ Pips In Profit (4h chart)
The MT corrective structure & even handle (8000.00) we mentioned in our last members commentary held nicely and was followed by a +750 pip sell off.
Congratulations to those members who were able to take advantage of this selling opportunity which we talked about.
Considering the price action reaction off the level, a very likely scenario IMO is that we’ll see a continuation towards the bottom of this structure around 7.86.
If bears make it past this level, 7.73 would be the next support in line.
The …... Keep reading