CHFNOK trade ideas

billly4u

Trying to make money with long consilidation periods.

PrimeTrading Updated 

Over the past two years, the Norwegian krone has undoubtedly been one of the big losers in the FX market. Not only has it embarrassingly been constantly beaten up even against the EUR and traded at an all-time low, no, since November 2022 it has bottomed vs. ALL G10 currencies. This was hardly surprising as almost all fundamental factors spoke against the NOK....

hanzu

selling this after a break in the trendline. what do u think?

ahmadkhandawar786

CHFNOK has formed Bearish Harmonic ABCD Pattern. Stop Loss , Entry price and TP'S have been marked.

fugutrader

CHFNOK is consolidating after a powerful down move. It could be finding support as a base for an up move. A failure of this support could lead to a price freefall to new long term lows.

Snorlax50

Short CHFNOK at 12.50 Stops 12.55 TP 12.25 -

fugutrader Updated 

Higher lows made in previous downtrend. Could be a bullish turning point with a well defined failure of reversal and continuation of downtrend being the downward penetration of the previous pivot low

aatifbabar86

CHFNOK seems like going again for Bearish Trend as it has broken below recent HL level

Tempo_Trades

CHF/NOK is showing Bearish RSI Divergence and formed a double top pattern. Expecting price to break the support and trend bearish.

kspilot

Analysis: 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: 11.42513 TP2: 11.50075

dimitrisss2771146

probabilities shown short because the price is in resistant area. double top ahead

sergiojdelgado

looks like we are heading to the upside . might consider position trading this for longer term return.

malikamjadhussain

there is double TOP at resistance. it respect strong resistance of 10.72208 Piercing candle form so it give bearish idea

jasonmichael469

AB=CD, Dow theory, Fib resistance fall between 0.5 - 0.618,

UnknownUnicorn27418153

Upon 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.

orimichaeli

Bull flag forming

olly48

This 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.

InkyGrip Updated 

CHFNOK on the 4h chart is moving inside a descending channel. The price is now consolidating between 2 structure and IF the market will break below, according to Plancton's strategy, we can set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily...