Euro / Norwegian Krone

FX

EURNOK

shorts favoured here..i can only price doing 1 thing and thats falling

If we get a close below entry point and pullback towards the blue line, then I believe that shorting will be a way to go

I AM LONG ON THIS PAIR

if the EURNOK manages to break its major resistance zone at 9.87311 then it will be a buy until its previos major resistance zone at 10.03895 or if it is rejectecting that level and giving any reversal sign then we can sell.

Scandinavia’s richest corner breaks global central banking mold - Bloomberg - As much of the world’s central banking community goes into a defensive crouch, Norway is signalling it’s ready to deliver multiple interest rate hikes. Governor says March forecast may imply 2-3 rate hikes in 2019 Norway’s oil wealth is allowing it to buck the global trend Near-term...

Price was rejected by major resistance and also broke trend line. Major break through.

Price struggled at major resistance and is following trend line.

The 200 EMA confirms the downtrends

maybe

It has reached it resistance zone and rejected it

The EURNOK shows that is it on a downtrend on daily timeframe Therefore I am expecting it to touch the outer trendlin since the inner trendline has been broken meaning it is going to re-test on the resistance zone at 1.74046 and should make a touch on the outer trendline.

gl

H4 bullish engulfing on weekly timeframe tendency is up tested supply zone ahead and a fresh supply zone

Hi All , Opening My 6th Swing Trade on this pair . Price broke down major support level on M1 . Wait for the retest of previous Resistance turned support and enter your swing sell position . For more information , Please contact me . Many Thanks.

Broke down the structure level Shorting this pair will earn you a positive swap

Trade the bounce until it breaks structure.

We have just spotted EURNOK to have crossed to the downside of its previous support line. We learnt how to spot this from the Icon Traders trading course.

EURNOK