One of my favourite kinds of trades to get into, is that of “extreme conditions”.
What do I mean?
Take a look at USD/NOK on your charts.
Do I hear you say holy moley!
Now, what would you do if you had my kind of trading mindset? The answer is simple. You’d place a stop just above 8.90, sit on your hands, check back in few weeks or months time, and let it ride allllll the way down from here.
Bang. Profit. Chill.
Forex trading opportunities like this don’t come everyday.
This one, in particular, is possibly once in a lifetime.