The third wave is extended, the fifth wave has ended, the RSI deviates, and it starts to fall. It can be shorted, and the target is the starting point of the fourth wave.
Bearish breakout : Entry price 10.13554 Take Profit 10.01525 Stop Loss 10.18807
Overall Average Signal from all our indicators suggests a Long. Entry is at market open and exit is shortly before market close or whenever you are okay with profits.
Concentration of long term support levels underneath current price could attract retest of those levels prior to reaching entry price. If price drops through 9.40 expect continuation of bearish EURO influenced by rising oil prices. Limit entry or Entry above previous bars high.
The candlestick has the neat lows with the similar levels of the wicks, I put rectangle on them. Wait the price to break it to eat the stop loss. The price is projected to touch the supply area. Put the stop loss away from the swing low to prevent stop loss hunts.
EURNOK LONG - Buy Entry - H4 Chart Buy @ Market Symbol: EURNOK Timeframe: H4 Type: BUY Entry Price: Buy @ Market Pivot Point Yearly @ 10.11400 Resistance @ 10.03155 Resistance @ 9.82763 Support @ 9.62460 Support @ 9.47920 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or questions,...
The EURO is set to potentially strengthen as investors start pricing in four interest rate hikes by the European Central Bank over the next 9 months. Friday's Inflation data will be closely watched by the markets, as any beat above forecasts will put pressure on the European central bank to react. If ECB policy makers start coming out and hinting Rate Hikes are...
Monthly: -Price is at monthly lows. -Inverse H&S pattern. Weekly: -Bullish Weekly candle. -No structure that could stop the price. Daily: -Bullish M pattern. -Inverse H&S pattern. 4H: -Inverse H&S pattern. -Bullish M pattern.
EURNOK LONG - Buy Entry - H4 Chart Buy @ Market Symbol: EURNOK Timeframe: H4 Type: BUY Entry Price: Buy @ Market Major Resistance @ 9.91497 Major Resistance @ 9.97409 Major Resistance @ 10.07712 Major Support @ 9.77623 Major Support @ 9.76160
OANDA:EURNOK This is a short term deal! Drawn boundaries mean target. Drawn lines mean a return on price. Do not forget that you can not trade without a signal because this is an analysis. IRFOFC
Weekly: Start of impulse level got tested No weekly resistance level got tested yet Daily: inv h&s + bullish M 4H: Bullish M + inv h&s
EURNOK at a key level here. Watch to find out more.
This looks to be in the Early Stages of Confirming a new Downtrend as it's attempting to test the 55 Month MA as Resistance after Breaking Below a long established Trendline while Taking the RSI under 50.
Hello Dear Traders, You find below my analysis for EUR/NOK, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame EUR/NOK will fall to 10.11 as I am showing in my chart. Our Daily Goal is 10.09. Currently, EUR/NOK is moving towards the resistance level 10.195,where there is some liquidity from this...
EURNOK price closed above 10.13905. Watch for a bullish price action signal to go long.
Hello Dear Traders, You find below my analysis for EUR/NOK, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame EUR/NOK will fall to 10.09 as I am showing in my chart. Our Daily Goal is 10.07. Currently, EUR/NOK is moving towards the resistance level 10.165,where there is some liquidity from this...
Major Pattern: weekly Symmetrical Triangle Anticipatory: possible Rounding Bottom