Kumowizard
Long

Bullish break - Good risk/reward for Long

FX_IDC:NOKSEK   NORWEGIAN KRONE / SWEDISH KRONA
72 7 5
The beaten NOK             has quite some room to correct, even if it can't reverse strategic bullish for some more time.

Weekly:
- The big picture is bearish , but price retested Kijun during last few weeks. It turned down again 3 weeks ago, but failed to continue bearish and to deliver a lower low.
- Heikin-Ashi turned bullish again, with anouther attempt to cross back above Kijun. haDelta/SMA3 crosses up. haDelt has been building positive divergence for almost a year now!
- EWO             is bearish , but value is moving higher.
- Bearish supports and possible retracement levels are: 1,0251 and 1,0420

Daily:
- Initial break above Kumo failed, and price dipped again. However price coudl not make a lower low, instead developed a small bullish trendline . Last friday price attempted another bullish break above Kumo and Kijun Sen. I called my Twitter followers attention for this.
- Heikin-Ashi made a strong bullish reversal from the Kumo cloud, with high momentum. haDelta/SMA3 crosses up and moves above zero line. HA Oscillator switched to bullish .
- EWO             back to neutral.

Try to accumulate long in 0,9840-0,9910 area, with initial stop ard             0,9715. Initial target is 1,0250-1,03.

Related Ideas

but it is slow lol
Reply
Kumowizard PRO ShauntheSheep
Slow??? It is always different. When there is sideaway, they are slow. But looking at EURUSD it has been slow for couple of days too.
Look at May-October/2015 price action. It was no slow, but heavy and agressive.
Reply
well I think this is a good deal now..but I only have some position at 0.99.....I am thinking about adding more if its retrace, is it ok? I think it will go more up,I mean more than 1.02-1.03
Reply
Kumowizard PRO ShauntheSheep
SUre. There is no such rule it can't go straight through weekly Kumo. NOK has a lot to catch up. And oil is quite firm now.
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i think noksek is finishing a monthly inverted head and shoulder wow
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hey sir do you think there is something special for such pairs as NOKSEK and AUDNZD? I found them awesome, easier to predict.
Reply
Kumowizard PRO ShauntheSheep
nothing special. same as any other crosses, or instruments. You play one against the other. I don't say easier to predict, maybe even more difficult to hold positions as they can be less liquid and more volatile than majors.
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