There's an opportunity to have wave 5 of (3)
As of October 1st 2016, the Norwegian Krona against the Swiss Frank is unquestionably one of the highest probability trades I currently see in the FX market, if not the highest probability trade on a weekly closing basis. TradingView is not giving me permission to set-up a NOK/CHF cross, so instead I set-up the USDNOK/USDCHF, which neutralizes the US dollar in the...
USDNOK breaking support and a long term bearish head and shoulders short 128k 7.98 w 11 risk reward USDNOK
Looking to go long on the pull back if the trend line is held, 3 TP on the daily chart. Falling wedge reversal and crossing of trent line.
USDNOK is again testing horizontal support around 8,15-8,10 area. For now, we have seen a possible bounce from support on the 4H timeframe. In that matter, we should have a great long-setup with entry around 8,18-8,16 with a stop loss if we close below 8,14 on a daily timeframe. On the upside, we have target 1 at 8,25 and target 2 up against 8,30. This should...
Hi, my USDNOK Sell Trade has reached over +1530 pips of Profit. Let it run for more. I am a trader of profiting.me Thank you Girolamo Aloe
USDNOK looks overextended with finally signal of deceleration with a reversed red hammer high test at the 0.5 Fib retracement at multiple key levels: 1) resistance at around 8.36 2) 50-60 EMA rejection 3) 200-250 EMA rejection 4) Downsloping trendline from July 27, 2016 5) 0.50 Fib Retracement We have also Stock RSI in overbought status on daily and a clear MACD...
The price has moven quite fast in USDNOK since the bottom mid-august and currently testing 50% retracement from highs due July this year. If we fail to break above 8,36, we should see a test of the recent breakout area around 8,25. In that matter, I believe this pair offers a great trade setup (short). Trade setup: Short from 8,33-8,35 with a stop if we close...
As this pair looks like its going to complete a "Special Cycle" this multiple TF confirmed divergence could bring us to 8.28 before continuing its downwards path. Not Conservative: Wait for a bullish candle pattern to long. Conservative: Wait for price to touch the 8.28 draw a bottom TL and sell the break of the TL aiming 8.07
USDCAD could face extended downside while below Pitchfork channel
We have recently seen a nice rebound in UKOIL after the massive downturn due this summer from 50 area. As for now the price as has retraced around 61,8% from consolidation high around mid 48 area, which also acts as horizontal resistance around 46 area. Short term, we should see some support around 43,50. If this level fails, we could very likely retest recent...
After the recent breakdown of 8,40 level, we have seen a fast move down to the long uptrend since may this year with higher lows, given support around 8,25 area. This should trigger a great long trade with good risk/reward ratio. Buy area is 8,23-8,27 with a stop if we close below 8,20 on a daily basis. Target 1 is set to 8,40 and target 2 at 8,55. Play safe!
On february it was broken the long term rising trendline with a strong impulse to the downside. The correction for this move seems almost completed and i'm expecting a new wave to the downside.