The USDNOK having a huge climb the last week. This kind of price action I do not find to be sustainable over time. I trade pure price action and all other technical indicators is only factors I use for supporting my zones. The aggressive rise in price is going to come to a level that has confluence with a fib extension price target that makes the setup lower risk with a decent profit potential.
To get a better risk reward you can make an entry based on lower timeframe confirmation in the whole sone 6.2253-6.3500. Use e.g. 4 h chart with a bearish reversal pattern to identify the trimmed entry-point.
To get a better risk reward you can make an entry based on lower timeframe confirmation in the whole sone 6.2253-6.3500. Use e.g. 4 h chart with a bearish reversal pattern to identify the trimmed entry-point.