EUR/NOK: beware of a strong rally

Good bids in EUR/NOK will lead to a rise of the ADX above the 50-mark, what is happening an upward trend on the 1-hour chart signal.

The fact that the ADX was above 10 hours, still under 35, the Situation is rare, but not unheard of.

This strong upward momentum the Trader is prompted to adjust your positions with Trailing stops. As a result, the opposite effect of a correction can occur. The course falls in the direction of the 200-hour SMA, so as to be less impulsive buyers are coming in the market.

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