Stalking CADNOK

CADNOK is an exotic currency pair. It’s approaching an interesting level at the moment. The chart below shows some possible projections.

Just to be clear, if price falls where I think it could, that doesn’t mean I’ll simply enter long.

The 4H charts on CADNOK tend to show a pattern to bounce when prices goes rapidly from upper to lower band of the 2SD Bollinger bands.

Screen Shot CADNOK 06-14-15 at 07.51 PM

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