OANDA:BCOUSD has decided to consolidate sideways regardless of typical US holiday rallies, along with the huge oil deposit finding in Texas + overall shale/natural gas boom in the Dakotas/Canada, the overall supply of oil is vastly increased yet the demand from traditional sources is in decline, thus this will create a downward trend for oil prices in the coming...
I liked this strong bull daily bar. the high was broken on the following bar, and that to me is a triggered buy good enough to swing for 2x target profit.
USDNOK broke a good TL and retesting the neckline right now! If it fails to close above then good for short! Entry, SL, TP as shown! Like if you agree, comment if you disagree, follow and support!
USDNOK has now tested trendline established since early 2016, where the last touch point was due Brexit. The recent move upward has been on declining volume and created a negative divergence which supports a possible failure of breaking resistance @ 8,50. In that matter, this pair should offer a nice risk/reward for a short play. Trade-idea: Short entry between...
We're long USDNOK, here we can expect a sizeable rally, as long as we don't go under 8.1818 anytime soon. Target is around 8.41 give or take, to be hit within 2 weeks roughly. Keep risk between 0.5% and 2% max. Good luck if taking it, Ivan Labrie.
RR of almost 2, I expect a little bounce up where to enter with another size with better risk reward ratio than now
We've got a diagonal triangle in wave {c} of 4, so there's an opportunity to have a bullish impulse in wave {i} of 5
We are already in longs in this pair, from lower, and we had taken a shorter term long before, but booked profits. We added to longs a bit lower, but you can still join this uptrend now, with a wide stop for the long term. Risk a drop under 7.9250, to reach 11 or higher in the long run. We're above the monthly mode and I expect to get monthly confirmation in the...
FX:USDNOK Safe Trades;
We've got a diagonal triangle in wave {c} of 4, so there's an opportunity to have a bullish impulse in wave {i} of 5
I prefer to be a dollar bull. Therefore I am long NOK against CHF, rather than short USD against NOK.
USDNOK is giving a good chance to enter longs aiming for the Brexit key level above, which is now acting as a magnetic level, pulling price towards it. The recent drop bottomed and turned around, breaking back above the daily low of the Brexit day, which now serves as a good level to hide our stops and gives us an excuse to go long on dips, or at market if not in...
Chek out a mega-BAT pattern which have been developing for almost 15 years! It completed by December last year but there is still a piece of a downtrend which can be taken. Will short from 8.21 or by market SL: 8.42 TP: 7.44 Long based on an overextended Gartley: Entry point: 7.45 SL: 7.25 TP1: 8.02 TP2: 8.40 TP3: 10.00 (not based on these patterns)