The Norwegian Krone.

Good evening all,

A quick review of Sundays post shows a possible 100 or so pips could have been had although this trade is still running whilst last nights post as mentioned was not quite ready and therefore no order was put in and price has continued up so far but I will keep a watch on this pair.

Tonights chart is showing a buy position although discretion is warranted as at the moment price action is coming up to make a DT in a DT at the trendline, and so wait for a BOB to employ your filters should this happen, although at resistance like this a pullback could well happen, and should a good bearish candle formation occur then this could signify a resunption of the DT and you should know how to trade this scenario.

Therewfore wait the direction and make your call, but remember after every big move , consolidation can occur.

As always please ensure to do your own analysis.

Charts courtesy of AdvancedGet.

Have fun.

Clayton Farnworth.