USDNOK - Sell/Sell on Rally - Short-term

2019年10月6日

This is just a short-term trade.

As I see weakness/overbought conditions in daily/weekly charts and a very clear RSI divergence on Daily chart, and developing on Weekly chart.

However, monthly chart is still bullish/neutral.

Therefore, only a short-term position seems justified to me (after next month candle, I may continue the trade)

Trade is active for me. I have entered short at 9.10

Will add more shorts if it moves towards 9.15


Target is around 8.95/8.90

2019年10月8日

交易進行

I added more shorts at 9.14

The trade may not reach the target of 8.95, but if it can even go down to 9.00, i will be happy and take profits there.

2019年11月4日

註釋

Sold more at 9.20 , took profit now at 9.09.

Still have half my trade, will keep that as i expect this to go down further.

After closing the 9.20 trade, my new trade average is 9.1270

It's in a little bit profit right now but i will keep holding it until 9.0 possibly or lower. Will have to see what happens this month