BitterSweetMarkets
Short

A short set up on the EUR/NOK.

FX:EURNOK   Euro / Norwegian Krone
31 0 3
A Cup and Handle pattern formed from the highs of December 2008. The black horizontal level at 9.15202 provided strong resistance early to mid 2009 (red arrows), it came back into play December 2014 and January 2015 (red arrow) again providing strong resistance. From September 2015 until the end of the year that level became strong support (green arrow). A broadening formation from september 2012 has also formed and January of this year we failed to reach the upper trendline before heading back towards the lower trendline as well as the 9.15202 area where the last green arrow is placed. The high probability trade would be to enter short close to the red dotted upper channel trendline and close on the support level at 9.15202 or there abouts.
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
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