Possible Breakout Trade. Wait for Confirmation, maybe consolidating a bit more. Kumo Cloud acts as major resistance here. Don't trade inside the Kumo Cloud.
Usd/Nok can grow if breaks the actual resistance. Buy limits are displayed on the chart.
Dates in the future with the greatest probability for a price high or price low
Dates in the future with the greatest probability for a price high or price low
Dates in the future with the greatest probability for a price high or price low
You could argue a triangle here. Looks like it's slowing momentum, and loosing smaller tf support. Be carefull tho. No significant tf support beeing tested yet.
USDNOK are in wave 4 - the most complex and uncertain. Can just buy from support levels
Both times retraced to fib 0.618 which means even if wants to complete daily elliot, it should first normalized to fib 0.618 as a rule of tomb. I want call this strong sell!
Non stop hike might come to an end with double top on USDNOK and as virus hits the US hard. Rates are almost 0 and on National Emergency it is certain that Dollar will lose its strength. Any ideas are welcome. Thanks
In the name of ALLAH who is most merciful and the master... We take trading as a business, not a gambling stuff. We have calculated approximate risk to reward ratio. Please note: -> Never go beyond 1.5% risk of your total trading capital on a single trade, -> Always move your stops to your entry levels after the price moves 100 pips towards...
in the name of ALLAH who is most merciful and the master...
USDNOK idea short The price reached the top line of the channel and turned around , I expect a drop
Eyes on the technical breakdown in CADNOK to kickstart the week, a few important updates to make here as intervention begins globally from Central Banks and OPEC. For those tracking Oil you will know we got the massive meltdown that we have been expecting in the chart-pack since last year: I am tracking a much larger than expected cut from OPEC at...