Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to complete the pattern and watch strong price action for sell.
Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to complete the pattern and watch strong price action for buy.
Main items we can see on the chart: a) The major structure we can see is a Daily Ascending channel b) Currently, the price is on the lower trendline of the channel + major support resistance zone / That provides us with a strong level c) Now we have to pay attention either for a reversal movement or a continuation one d) We have established those 2...
BE aware for change in trend. EUR/NOK have good support at these levels. unexpected and noticeable weakning of NOK should lead to short -term correction.
Comparing the percentage overlay of their new 5G competitor ERIC with the playing field even with Huawei out the picture, if NOKIA were to breakout to same the magnitude with 5G sponsporship I am actively targeting $5.60-$6 price level for this quarter. $10 EOY. We are here at a critical price level here of $4.30 viewing how price action has reacted here in the past
Not my usual choice, but if there's a good clean set-up I will go ahead and analyse it further. EUR/NOK - Will the bullish momentum continue? Technical Aspect: - Pattern wise - Looks like inverse head and shoulders. - As long as its above that trend-line up the bulls are still in control - This trade idea, could reach towards 161.8 areas As the market moves...
Time to go long USDNOK. Playing fib levels up. Bullish divergence on RSI. And hitting long term resistance on the higher timeframes.
Pattern: Triangle on 1D. Signal: (A) Bullish if the Resistance breaks, (B) Bearish if the Support breaks. Target: (A) 11.800 (0.5 Fibonacci retracement level), (B) 10.000 (the Lower Support). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Storebrands operates in banking, asset management and insurance. The insurance segment has filled up its coffers according to the solvency II regulation, meaning there should be plentiful of cash accessible in the future for dividends which should interest investors looking for good cash flow and dividends. The trade is not a super exciting trade but feels...
MOWI ASA (MOWI) is the world's largest producer of Atlantic salmon with operations in Canada, Chile and Europe. Being a salmon producer, the company is highly sensitive to the price of salmon. The price of salmon has been decreasing in 2020 and now trades at circa 5.15 euros per kilogram of salmon. The suppressed salmon price should affect revenues negatively...
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current levels for sell.
The pair is trading within a 1D Channel Up (RSI = 48.456, STOCH = 47.038, MACD = 0.001, ADX = 30.430) which is currently neutral as it is aiming for a new Higher Low. That can be on the 0.9585 Support, which is our current target on this pull back. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly...
At the opening of the market I'll be speculating price reaction as price makes its way into the triangle looking for Long Confirmations. Patience will play a big role in this pair as I expect price to take the majority of traders into an emotional rollercoaster, candle stick confirmation, Risk/Reward & Price Patterns will play a big role in this entry if reached.
Pattern: Triangle on 1D. Signal: Bullish as the RSI is forming a bullish pattern which since the Channel Up started in March 2018, it was a sign of a new High. Target: 9.800 (Higher High excluding the COVID candles). Most recent signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
EURNOK Short Direction: - Pair is in Bearish Order Flow and has Bearish Momentum on the H4 and Daily. - Pattern formed in the Bearish H4 OB (Order Block). Entry: - W (Double Top) Pattern Formation. - Divergence occurred. - RSI crossed volatility bands (Shark-fin), indicating a drop in the pair. - RSI near the 68 (exhaustion zone), indicating pair was...
AMT is a 5G play. It's been stuck in consolidation. If it moves out of this box, it will be a good gainer. Buy here, or look to get in at the lower part of the box. I think it goes higher instead of retesting the lower box area.