Top Trade Idea For December 1st, 2014 – USD/NOK
By Todd Gordon of TradingAnalysis.com
A few weeks ago, we wrote an article recommending a trade to buy USD/NOK (Norwegian Krone) soon after it had fallen from 6.93 to 6.71 (see http://www.forexnews.com/blog/2014/1...th-2014-usdnok). At the time, USD/NOK was around 6.75 and our long trade targeted 6.96 (Friday’s close was above 7.00). We feel there’s a little more upside to USD/NOK and feel we’re overdue a significant pullback, so this article will recommend another USD/NOK long trade. If this trade triggers, it should take much less time to complete than the previous trade targeting 6.96.
Full Article and Trade Details Here
By Todd Gordon of TradingAnalysis.com
A few weeks ago, we wrote an article recommending a trade to buy USD/NOK (Norwegian Krone) soon after it had fallen from 6.93 to 6.71 (see http://www.forexnews.com/blog/2014/1...th-2014-usdnok). At the time, USD/NOK was around 6.75 and our long trade targeted 6.96 (Friday’s close was above 7.00). We feel there’s a little more upside to USD/NOK and feel we’re overdue a significant pullback, so this article will recommend another USD/NOK long trade. If this trade triggers, it should take much less time to complete than the previous trade targeting 6.96.
Full Article and Trade Details Here