EURNOK trade ideas
EURNOK double top //probably stable in US elections TP: 10.7989
SL: 11.214
Momentum about to drop into negative territory
If all trades went like this. . . . :-)So we had a bearish thesis on this pair.This was based on facts we observed. This 1st one was that price was failing to break and close above 11.000 level,so that became a significant level as we had sellers there willing to defend it. The 2nd factor was that price was also skirting around the weekly Kijun which is a strong resistance. We initially got on Friday's close which was slightly below our kijun. We got stopped out as price went up again to 11.000 to get more orders then down again. We reentered after price had gone below the weekly kijun again and put our stop above that. Paid off well:)
R-5.5
EURNOK long ideaIdea from a beginner, RSI is at a high oversold level of 16, which indicates that extremely strong bearish phase is coming near the end. Consolidation should happen soon or a morning star will form during this day and if not this trade will be a swing trade based of past data. High overbought and oversold levels on the hourly timeframe took a couple of days to reach full take profit targets. Good luck and stay patient!
Jump Back In!We got stopped out by a parabolic move up but our thesis still stands and we just closed the 4H under the weekly tenkan. Our TP still remains the same zone.
Entry: 10.9523
SL: 10.936 ( very agressive)
TP 10. 810
R
Fatigue?!Last week price failed yet once again to cross and close above the weekly kijun and the 11.000 resistance level. We know if price tries something and fails several times it will go the path of least resistance and in this case its down. The weekly tenkan zone from 10.778-10.800 is the target area. We take the trade on the 4H and it gives us better risk to reward ratio.
Entry:10.9360
SL :10.9875
TP : 10.7794
R : 3.04
EURNOK Buy Set UPLooking for a buy on EURNOK. The pair is having difficulty breaking the daily high. I advise you place your order only if the 4hr candle closes above that high.
