USDNOK - WATCHING for SHORT OPPORTUNITY
I think the third wave was confirmed on Friday when it tested broken 200MA and closed below. Thursday Norway cuts interest rate and warns they could turn negative -expecting high selling pressure because of this. The same market reaction like after BOJ cut or ECB..
Enter at 8.24016. SL and TP based on structural levels and Fibonacci levels.
Hi all, On the USDNOK (which is the Norwegian Krone, keep learning guys!) we have a solid entry as soon as the market opens in a few hours. The visual flow is clearly up and on the 4h and 1h chart there is divergence on the RSI (please see below) Entry is based on a swing high of exactly 1 year ago in combination with the 61.8% retracement of the recent...
FX:USDNOK links below Safe trades;
Good morning traders, USDNOK bearish view is still an option and I´m entering short at market with SL above 0.7 It´s my third attempt , so I need good luck :-) You can subscribe to my mailing list for FX Alerts : eepurl.com 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t be the last one to...
Tightening range, clumped moving averages, volatility in crude.
Very strong symmetrical triangle formation. 6 hit points getting closer and closer as the market approaches the apex - good sign for a strong breakout. By the upside, sell the downside. Profit targets indicated by the horizontal green lines.
Good morning traders, USDNOK was rejected carving a new higher low, which validates the previous short setup. Nothing to add this time, I´m shorting again with SL @ 8.685 Good luck Josep Pocalles
Hello traders, There´s a potential wolfe wave pattern , with a target 8.06 area , and SL 8.76 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high . 3. Think like a fundamentalist, trade like a technician . 4. Keep your analysis simple 5. Start small and increase exposure when trend is confirming your analysis 6....
Will be looking to enter a short position at 8.84658 if the cypher pattern holds up. Stop loss is based on previous structure as indicated by the red line. Take profit is based on Fibonacci levels. Unfortunately the risk/reward isn't the best I've ever seen, but I will still be looking to take this trade. Fundamentals Aren't any particularly...