...but now it looks like the bottom's potentially in. We'd like to see a bar breaking above a previous day high (PDH), whilst not going any lower from here onwards. Price traced very clear 'Time at Mode' trends, up and down, and gave us precise indications of the direction, speed and targets for each move. Since we got to a strong weekly support, and almost hit...
Hi traders, On the USDNOK we have a potential bullish bat pattern taking shape. Entry and completion at point D. Entry: 8.33216 Stop: 8.26198 Target: 8.52130 = R:RR 2.70 Good luck guys! I will be updating this post as time progresses.
USDNOK looks good here, we're long from earier today when we broke last Friday's high. If not in you can enter gradually into the trade, buying 0.02 lots per every 10k in your accuont for 5 days. Alternatively, risk 0.5% with a stop at last Friday's low, and enter at market, add more to risk 0.5% more if it drop under your entry in the next 3 days. Good...
There's an opportunity to have wave 5 of (3)
Hi traders, On the USDNOK I'm looking to enter long at the completion of this bat pattern. Entry: 8.34000 Stop: 8.26000 Target 1: 8.51824 = R:RR 2.24 Target 2: 8.61867 = R:RR 3.50 Good luck guys! Updates will follow.
Hi traders, On this USDNOK pair we can see a potential bearish bat pattern forming. Entry: 8.72694 Stop: 8.77862 Target: 8.63630 = R:RR 1.75 Since my broker doesn't allow this pair, I'm not trading this one myself. Just posting as I see things.
usdnok --------- usdcad +98 (1M) usdthb +73 (1W) usdsgd +96 (1D) Correlations provided by: myfxbook.com --------- Not Investment Advice ---------
Here we have a beautiful high probability bearish setup A nice bearish Crab setup Potential Half major price rejection at 8.84500 Potential target 1 under the Half major price at 8.64030 Trade safely guys ! (For me, trade will be taken if price goes outside the Bollinger bands & RSI overbought/sold)
Here we have a beautiful high probability berish setup A nice bearish DeepCrab setup Potential Major price rejection at 8.80000 Potential target 1 at the Major price at 8.60000 Trade safely guys ! (For me, trade will be taken if price goes outside the Bollinger bands & RSI overbought)
Price usually tests this level before being rejected. Im selling towards the trendline till we see DXY strength weaken.
I'm long USDMXN and short USDNOK here, same size per trade. You can take a position with 10k per side, per every 10k in your account. Good luck, Ivan Labrie.
I suggest that traders short the Norwegian Krone against the USD for the following reasons: /dx has broken out of its ~2yr consolidation pattern amid Trump's fiscal stimulus promises and subsequent repricing of the Fed's hiking cycle in anticipation of higher US growth and inflation. NOK remains highly vulnerable to /cl as >50% of Norway's exports are...