USDNOK to climb from its upside confirmation at 8.69565 where it could potentially bounce further to 8.72425. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDNOK bounced off its support at 8.67095 where it could potentially rise further to 8.72425. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:USDNOK SHORT - Tweezer top - short Pipdified.
If it breaks down go for short else long.
Price broke out of the ABC correction counter trend line which is also the neckline of a double bottom pattern. . Price has the potential to move towards the resistance level after it broken out of the correction with an impulsive wave 1-5 and retested the broken structure with an ABC zigzag pattern. . Considering that the price has broken out if the ABC zigzag...
USDNOK Long . On W1 create Long Term Flag pattern and chanel. on D1 Market Reaction on chanel . i Serch Trades on H1 (long) Magnet zone 1 is First Rezistent Zone And Magnet Zone 2 Is R2 Zone . If Break R1 , Go To R2 and letsgo create doble bottom :)
Hi Traders, On the day time frame this paire have formed a head and shoulders pattern, Impulsive move will confirme the breakout from the Zig-Zag pattern and the rally to the upside, targeting 1.618 fib-ext, Trade with care, Best Regards, Omar
It is one of the best looking shorts with perfect upper rejection market failing to move higher. I see lot of bearish people coming in and it seems like this is the max limit for any upside i am expecting way move down towards 8.266 levels decide your way. Trade with care Muze(usd/nok).
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...
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