EUR/NOK has reached a resistance zone near the all-time high of 10.1573 + spread and may be in a rising wedge. It could be a good long-term short from here (over 10.06), as NOK have been raising interest rates this year (last on Sep 19th), now at 1.50%, due to a solid economy. I'm short from 10.06237 and 10.06587. A short with TP 2000 pips (9.862) SL 2000 pips...
EUR/NOK has reached a resistance zone near the all-time high of 10.1573 + spread. It could be a good long-term short from here (over 10.06), as NOK have been raising interest rates this year (last on Sep 19th), now at 1.50%, due to a solid economy. I'm short from 10.06237 and 10.06587. A short with TP 2000 pips (9.862) SL 2000 pips (10.262) makes the TP within...
BUY & SELL As Per Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !
Hello guys, here is the market reaction during previous 0.25 bp rate hike by Norge bank. There was another 0.25 bp rate hike today and supported by last night 0.25 cut by FED and last week 0.10 bp by ECB, such behaviour makes no sense to me. Opinions are welcome. I am staying short here, waiting as long as needed, but trying to understand Why ?
EURNOK currently showing some turnaround. If you monitor the movements well, then you can make a shit-ton of money. My bias is sell
This pair experienced a gap in the opening of the market. I'd like to see this gap be filled and also see great rejection at the 38% retracement or slightly below it.
Will it break the previous peak? Goodluck!
Looking for intraday short entries for EURNOK
Wait for the breakout as described in the chart
Trendline Breakout / Flat Camel Pt TP1 Reached Levels to add short and TP levels as described. Crab as shown.
Taking this short opportunity now. Chart explains itself
Pattern: Ascending Triangle on 1W. Signal: Bullish as the price rebounded near the Higher Low trend line. Target: 10.000.
EURNOK will continue downward movement after breaking support level, momentum downwards is still strong...