Hello fellow traders, I expect all major markets to trade RISK ON since the FED announced QE 4, ECB starting QE ETERNITY, which is EUR negative, Brexit deal was just announced and optimism over a trade deal between the United States and China has ebbed.
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...
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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
EURNOK will continue downward movement after breaking support level, momentum downwards is still strong...
Analysis team sold EURNOK @ 9.7925 with 2 targets TP1 9.7650 TP2 9.6695
Price respected trend line, and reached oversold territory. Impulsive move to the downside has happened. Expecting pullback before price drop to 50% or 61.8% fib level. Trade at your own risk.
Short opportunity emerges as EURNOK reaches the tip of an ascending wedge on the weekly chart.
EUR/NOK , SELL at Current Price or After Breakdown . You Can Also Set own Risk Reward ratio . Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
Stop loss, entry price and targets are mentioned on graph.
Trade what we see: Price is following a bearish channel with lower highs forming. We have two support lines to work off, one formed on the 4hr chart and the second formed on the daily time frame. A pin bar is forming now and I am waiting to setup this short position which has a great risk / reward ratio. If this pair breaks out and we see a successful retest,...
The market pressure say that this cross will breakout and get lower prices. For a complete list of market pressure visit my twitter profile
We are observing high short pressure on this cross maybe a good opportunity for entering in positivite swap cross
This can confirm our weekly view on this pair. Lets take a position and see what happens. Good luck