Good afternoon , This is the Norwegian Krone vs Swedish Krona’s trade signal commentary, for the early European session on Friday December the 2nd. By: Romany Zakaria – www.romanyzakaria.com


Norwegian Krone vs Swedish Krona pair, Has plummeted lower during the European session this morning. With the pair lost nearly 11 pips, it continue’s to move up in a strong BULLISH trend as it did in the past days ( view Daily chart on the right ).
On the other hand, NOKSEK is holding well above the long term 200 days simple moving average (thats why we dont recommend any short trades on the NOKSEK for the coming days).
The 50 and the 20 days simple moving averages are also confirming continuation for the well established BULLISH trend.
CONCLUSION: [We highly recommend to avoid trading NOKSEK for today Friday as we might be dealing with a choppy falling correction for rest of the day.] However As per above general BULLISH trend; Only Long trades to be considered following completion of any counter trend falling correction on the 30-minute chart.

β–² Buy Signal Details

Time Fri 2016.12.02 15:30
Pair NOKSEK
Buy@ β–² 1.0914
Stop @ 1.0786
1s TP @ 1.1006 (+32)pips
2nd TP @ 1.0944

Norwegian Krone vs Swedish Krona Buy signal information table


NOKSEK Chart

NOKSEK Daily Live Chart

(Note: This conclusion is only valid as long as price is holding above the 200 periods simple moving average (red dotted line) on the 30-minute chart,
A Long signal is available now for review on the right
)

NOKSEK 1Hour Signal Chart

Follow single progress on the chart below.

Norwegian Krone vs Swedish Krona 1Hour chart displaying live trade progress



Signal Time-line:

Step by step followup for NOKSEK signal from open to close..

  • 3 years ago
    Trade Started..

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