We need to see the break to confirm this pattern.
I opened this trade at the break but forgot to post - still time to profit. Excellent structure to create profit targets and to support the break from the wedge.
Brent crude has been able to rally on little volume during the U.S. banking holiday and rumors surrounding a potential unified OPEC production cut, issued by the UAE energy minister just as WTI was carving out a 12 year low (and in the middle of the night, local time, no less.) Four days later, there has been no new reports of said production cut proposal, but...
The Core Strategy of Trading Chaos is to look for A Sleeping Alligator and be Aggressive when in starts to wake up whether on up or down move. Now the Alligator woke up to the downside at its time to go short with stop loss at 1 tick below up fractal
On the Intraday chart of USDNOK we are following an idea of an complex correction, a double zig-zag that can still find lower levels before its completion. Currently we see price in red wave A), the first leg of a second zig-zag, labeled as blue wave Y-circled, that could be in final stages. A three wave rally towards 0.5 and 0.618 fibo. ratios would be treated as...
further crude declines likely. which favors usdnok advances.
Bonjour, Do you guys remember the trade in USD/NOK? If not, here is the link to remind you: We've since taken a similar trade ... mainly based on the fact that WTI Crude is seeing more downwards pressure after a small rally. Congrats to all of our members, and do you know if you should stay for profit target #2 or not? By joining our ever expanding trading...
Bonjour, today our "VIP" members took an aggressive trade in the USD/NOK pair. After noticing the downwards trend bottoming out, we opened two long positions on a breakout @ 8.7525. Scaled out of the first position at 8.7925 and closed out the second at 8.8270. Both positions were closed out early, it runs out. However, we stuck to your predetermined risk...
QUICK ANALYSIS: Here is another educational trade involving a combination of the Predictive/Forecasting Model and the Geo. As you recall, the "Model" is very good at establishing targets, but poor at timing. Combining the "Model" with the Geo offers a high-probability visual pathway towards these targets. In this particular case we have two sequential...
This is an interesting portfolio. Will these pairs follow USDCNH's lead? Is this the beginning of a new fundamentally backed intermediate term trend? Or just a very nice short term short? Setups on chart, we will cover these in our skype group's discussions. If you want live updates and more information, make sure to contact me via pm or skype. I provide signals...
Since the recent high of 8.60, we have now a set of lower high and lower low. The pair is now testing earlier floor (support) as resistance. If we manage to turn down from current levels (8.42+), we should retest the recent lows around 8.33. In that matter, we should have a nice risk/reward for a short-setup in USDNOK. Short from 8.41-8.44 which stop above 8.46...
USDNOK has been in a strong uptrend so far this year. However the recent move up seems a bit strechted as the sellers did find som ground on monday with a ''doji-formation''. Furthermore, we did see another larger sell-off yesterday which confirms the possibility for a shortterm top in this pair. Stoch RSI is also on elevated levels and have a possible bearish...