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NOKed down !
1. THAT’S PROBABLY SOMETHING WE’LL READ NOW THE MOVE HAS
BEEN DONE (-4 % ON NOK VS EUR, WITH BRENT LOSING 9 %
RECENTLY) BUT…
NOKed Down
Norwegian Krone
lower due to Oil ?
2. Once again the 1st signal was given by a Candlestick pattern, a weekly takuri/hammer, at 8.8460, on Feb24th, while Brent was still comfortably sitting in the $ 56 area.
This was just an early signal. The 9.19 target was set after resistances were broken, at 8.99, on Mar7th. How did my clients profit from this ? On next slides
3. An extract of the daily comments issued on d-day to members, and on d-day +1 to everyone on Melly4x.ch
4. What happened with the daily comments now illustrated. EURNOK remained above its supports and reached its target.
5. This represents a reward-to-risk ratio close to 5, while capturing 85 % of the 4000-pip-rally !
This is just another live example, among many, of technical analysis brought to its simplest expression
and on how we can profit from it, while ignoring all the rest, just trusting the market and going with it:
Here for instance, buying just EUR 30’000 vs NOK, without leverage on Feb27th at 8.8460 with a protective
stop/loss below the key-support supposed to hold (for instance order at 8.7775 while support was at 8.7882),
and keeping the long position until a target was set, (which happened at 8.99 on Mar7th) would have been
closed on profit 9 working days later at 9.1850 (+3.8 %), (ahead of the 9.19 target, with a high seen at 9.1880).
This way, risking EUR 233.- + slippage would have at last covered the cost of 1 full year of such daily advices
and much more from Melly4X.ch, as its cost has no relationship to its added value.