EURNOK trade ideas
EURNOK Possible 3R Swing Trade EURNOK broke above the H4 horizontal resistance area, and produced a nice impulse. Now, after retracing back, the price is breaking above a bearish trendline.
The pair is showing new HH and HL on H4. Once the price breaks above the last area of resistance, which is marked up on the chart, it's possible to long on a retest.
Risk Management is the #1 rule, you can't control the market, but you can control your risk management. Stay calm and risk 1%.
Nice buy opportunity for EURNOK aheadA nice buy opportunity for EURNOK ahead. (Btw, similar pattern on correlated pair CHFNOK if you prefer that one)
- upward channel, bouncing off bottom
- RSI and MACD in bullish area
- supported by important area (A)
I would buy around 10.96.
Target 1: 11.2 (previous resistance, mid-way channel)
Target 2: 11.5. (top of channel)
Let's see!!
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EURNOK ShortsHi traders, in this setup I am looking for short oppotunities on EURNOK.
Price broke the trend line and created a supply zone which I am looking at for price action to take shorts
BUY Opportunity on EURNOKI'm expecting price to BUY from Support Zone on 4H at Bottom BB 10.49184 to Resistance Zone 10.53459. Take profit at 10.53459. Stop loss at 10.47040
Are you trading NOK or OSEBX?BE aware for change in trend. EUR/NOK have good support at these levels. unexpected and noticeable weakning of NOK should lead to short -term correction.
EUR/´NOK (Euro / Norwegian Krone)-> Analysis of 20 Aug.
-> Good Morning Friends, here is my 4H-Chart idea to EUR/NOK . -> (all further information can be found in the chart)
-> Please note: These analyses are not intended as investment recommendations! The analyses presented by me are in no way to be understood as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. Many thanks for your attention
