The market continues its downward movement. I have designated the place, price and TP. I am waiting for the price to come back, the signal from the chart and the position to open
USDNOK Formed a double top structure on the daily timeframe and from there we saw a breakout of the neckline and yesterday the price retested the neckline. The daily candle close was a pinbar showing bears attempt to push the price lower. All this gave reasons to go short.
What is your opinion on USDNOK?
There is a history of ranging before breaking down in this pair. See how it was ranging between 8.6450 and 8.3800 for several weeks before it broke below. Now we have something similar and despite multiple attempts during the past 6 weeks, this pair has been unable to close above 8.3800. This pair has clearly been on a strong bearish trend since Nov. and I don’t...
USDNOK expected to rise up to 1st resistance at 9.03979 where it could potentially react off and drop down to 1st support at 8.93861.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities...
USDNOK expected to rise up to 1st resistance at 8.97772 where it could potentially react off and drop down to 1st support at 8.89307.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK reversed off its resistance at 8.92350 where it could potentially drop further to 8.76076.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK expected to rise up to 1st resistance at 8.92350 where it could potentially react off and drop down to 1st support at 8.75474.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK bounced off 8.79701 where it could potentially rise further to 8.92350.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK bounced off 8.75474 where it could potentially rise further to 8.92350.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK bounced off 8.75474 where it could potentially rise further to 8.87299.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone...
USDNOK reversed off its resistance at 8.92350 where it could potentially drop further to 8.79645.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK is expected to drop to 1st support at 8.98800 where it could potentially react off and up to 1st resistance at 9.20120.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK reversed off its resistance at 9.22270 where it could potentially drop further to 9.03380.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
