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CANADIAN DOLLAR / NORWEGIAN KRONE

CADNOK
 
     
 
     
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CADNOK Forex Chart

 

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adatherton adatherton PRO CADNOK, D, Short ,
CADNOK: Oil Proxies
56 0 7
CADNOK, D Short
Oil Proxies

Very strong match fractal from last cycle Jan-Sep 2016

adatherton adatherton PRO CADNOK, 240, Short ,
CADNOK: $CADNOK Both Oil Proxies
19 0 2
CADNOK, 240 Short
$CADNOK Both Oil Proxies

So it ranges, next move is down, I'd say. But tops and bottoms are free money. Trade show 2.2:1

Ukuu Ukuu PRO CADNOK, 240, Long ,
CADNOK: CADNOK-Long?
12 0 3
CADNOK, 240 Long
CADNOK-Long?

look at this nice box right at demand, there are two outside candles in NY and London session. Banks are buying? Wait for Break out.

Ukuu Ukuu PRO CADNOK, D,
CADNOK: CADNOK_Plan
12 0 1
CADNOK, D
CADNOK_Plan

Brake of Trendline could invalidate it.

Ukuu Ukuu PRO CADNOK, D,
CADNOK: Long Idea
19 0 2
CADNOK, D
Long Idea

Wait for corrective structure

Ukuu Ukuu PRO CADNOK, 240,
CADNOK: Perhaps many pips possible :)
14 0 3
CADNOK, 240
Perhaps many pips possible :)

watch out for a possible breakout of weekly correction

Captain_Walker Captain_Walker PRO CADNOK, 480, Short ,
CADNOK: How powerful can a zone of support be?
39 0 3
CADNOK, 480 Short
How powerful can a zone of support be?

CADNOK is considered by many to be an exotic or at least minor pair. I'm aleady short on this one with 1000pts in my favour. My bet was based on a possible triple top and trend line of peaks moving south on the weekly chart. This 8H chart shows that price has hit a broad zone of support at least 9 times. The latest push down has been a seemingly determined one. ...

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