Yes. Just do it. SHORT that bitch. Or wait for the MACD cross and a lower low.
NOK has been weak compared with SEK for a while now. we might have a change in scandies relative strenght on the way.
For the past 6 months the pair has been correcting on the Weekly/Monthly chart. So far it made a 3 wave correction, and i am expecting an impulse up to the 0.236 Fib. Will see how the price reacts there, but there are 2 scenarios: a. we break the corrective structure and go up, or b. we will have another move down for a 5 wave correction. Either way, its very...
Let's see if they how they move together.
NOKSEK running on the upper side of a daily channel and RSI show some divergences on H1 and H4. I'd short it at 1.03 with a SL at 1.01382 and TP at 1,015 A basic NOK index shows that it reaches a Weekly Fibo retr. but the risk factor is the fundamental data about NOK released some days ago. Basic NOK index
SEKNOK is offering an interesting setup in the weekly chart. I'm short, looking to benefit from the positive carry of this pair, and also the topping pattern on chart. I'd reccomend adding to it once we're 1 atr in the money after entry. Currently, we have a valid time at mode sell signal on chart, where the mode nicely matches the previous sharp rally's top....
#NOKSEK #FXExotics #FXMademoiselle Sell 0.9939 TP 0.9855 #Forexsignal
Condition 1 //if it rejects on lower trendline with candle closing aove lower trendline then i am long with take profits@ upper trendline Condition 2 //If it breaks lower trednline and candle close below lower trendline then i am short with take profits @ atleast 2500 pips //Stoploss for long Below lower trendline candle close //Stoploss for short above lower...
NokSek trading in 1.04-1.12 range for last 3 months. 1.04 held and with SWEDEN'S RIKSBANK cutting rates and coming comments about buying SK45 BLN bonds looks like this pair will go and backtest 1.12 again. Close about 1.06 is long in my book