CHF/NOK - Bearish Divergence & Double Top PatternCHF/NOK is showing Bearish RSI Divergence and formed a double top pattern. Expecting price to break the support and trend bearish.
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CHFNOK 1H - Bullish TrendAnalysis:
CHFNOK is currently in a bullish trend. If price comes at Fib level 0.38, we can enter in a long trade. For this trade the stop loss will be at 11.27389 which is the previous higher low level.
------ Trade ------
Chart: CHFNOK
Type: Long
Entry: 11.34951
Stop Loss: 11.27389
TP1
Project Genesis - CHFNOK Sell With 15 Minute ConfirmationThe 13 EMA has Broken above the 5 EMA on the 4 Hour Time Frame
The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over bought
Fib Retracement confirms a target to the Short side
Take Profit is Derived from Pivots
CHFNOK 3/8 trap bullish outlooklooks like we are heading to the upside . might consider position trading this for longer term return.
Going short on CHFNOK
there is double TOP at resistance.
it respect strong resistance of 10.72208
Piercing candle form so it give bearish idea
CHFNOK Bearish Gartley PatternUpon completion of the pattern, it would be wise to look at price action in order to confirm if there are any valid short entries opportunities.
CHF/NOK Short From ResistanceThis has retraced back to resistance as expected, now there is the opportunity to short. If we see this rebound from this resistance and MACD remain below 0 and EMA's do not cross higher then this will drop. Target is 9.02671 where this should find support and bounce higher.
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