EURNOK - Sell more, it will likely break down

FX:EURNOK   Euro / Norwegian Krone
32 0 0
As I wrote in my other post (linked below) I rather buy NOK             (the ccy of the only real AAA rated country) vs the EUR at current levels, than adding or re-enterring USD longs for example.

Technical picture:

Daily: Yesterday we had Kijun Sen retest with a small body red hanging candle. Today we have a massive bearish candle so far. Break of the long term daily and also weekly trend? At least penetrated. We will also have a STRONG Bearish Tenkan/Kijun cross today. Conservative Ichimoku traders normally sell the closing at this signal. Chikou Span is again below price candles and as soon as the long awaited 8,10 key level goes, we'll have only "three" things left to do: Sell more / Sit and wait / Sell more on spikes staying with the trend

4 Hrs: Honestly I should have posted this analyses a lot earlier, as I saw the opportunity already yesterday, ok, confirmation came this morning. We had basically a retest to the 100 WMA and to the thick Kumo, which together were likely a good support for bears. The break back below 8,17 today was a confirmation signal. Now DMI is bearish with increasing ADX . Try to sell any pull backs to ard             8,15.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out