HTF trend is still constructive after a sharp pullback from 17.45 into the 13.18 swing low, with price back above the key moving-average zone. On the 1h chart, NOK capitulated into 13.18, based, reclaimed 14.00, then pushed through the 14.50-14.60 breakdown shelf on strong opening volume. The better swing entry is a pullback into that reclaimed shelf rather than chasing 15.00; below 14.15 would put price back under the breakout/reclaim area and invalidate the setup. Target is the next meaningful supply area near 16.00.
📍 Entry: 14.60
🛑 Stop: 14.15
🎯 Target: 16.00
⚖️ R:R: 3.11
📍 Entry: 14.60
🛑 Stop: 14.15
🎯 Target: 16.00
⚖️ R:R: 3.11
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monk.trade — Trade setups and market intelligence
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.