Trade ideas
EUR/NOK LONG POSTION 4H TIMFRAMEAnother setup that I’m sharing, this time on EUR/NOK.
You can see that this pair has just broke the last resistance levels.
I took the Fibonacci from the low to the high and now wait for the pall down to get me on the trade.
In my opinion really string SETUP that we all should look and wait for next week.
Hope you find it very useful please make your own analysis and write your comment below.
Thanks :)
EURNOK Weekly Analisys Price is forming a very nice high timeframe set up for a possible swing where price is sittin on a strong weekly ascendign TL and the last two days prioce has rejected the Mp of 2x 38% that confirms a possible sell but befoire going short i must wait and see if price can close below that TL and current daily structure or in case price close above 10.1350 we might look for a swing buy on this pair
SELL CHANCEENTRY TO SELL = IF THE BLUE ZONE IS BROKEN DOWN
TP IS SHOWN IN FIG
SL = ABOVE THE BLUE ZONE
EUR/NOK Price Action Study For study and educational purposes of price action. Price reached an all time high in late October, and pulled back/sold to the point noted within the ascending channel. Price action study for possible continuation back towards previous recent high and possibly higher. Studying Price action at noted zones for movement towards higher highs or either exhaustion of bullish momentum and subsequent drop, in accordance with ascending wedge structure. I am more inclined to think we will see a continuation up towards the most recent high before a drop further. However, study of price action will tell.
EURNOK - intraday updateYesterday I posted an idea to short this pair.
Here is the status of the structure.
Expecting a running flat before the move will happen.
Good luck!
EURNOK: Buy opportunity on the Rising Wedge.The pair is trading within a 1W Rising Wedge (RSI = 59.298, MACD = 0.080, Highs/Lows = 0.0000). Yesterday not only it made contact with the Higher Low trend line, but also touched the 1D MA50 (blue line). This indicates that the price has more probabilities to rebound towards a new Higher High. Our Target Zone is 10.400 - 10.500.
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EUR NOK D1 Worth putting on watch list for possible short EURNOK on D1 has broken down below and retested 21D EMA (shown on chart). It's also below (having retested) significant area of SR going back to early August. A break below 10.02 area could take us to 9.9 and 9.8. Resistance levels at 10.07. Daily RSI and MACD are pointing down.
EURNOKWaiting for an entry signal.
Aggressive trade - enter at the 50 fibo
Conservative - wait for a candle formation pattern, e.g. engulfing candle.
Extra conservative - wait for price action formation, e.g. double bottom.
EURNOK IS GOING TO FALLEURNOK has broken the trend line and we are waiting for the retest onto this strong zone so that we can short this trade
EURNOK HEAD AND SHOULDERS - BEARISHWaiting for price to break both the Head and Shoulders Pattern and more Importantly the Ascending Channel, this Advanced pattern is invalid if price doesn't continue to break below this Parallel Channel. There's a chance price can Respect its channel and the market will Reverse Bullish, that is why it is so important we let price work its course and we will enter when price is showing us a continuation (Candle Sticks).
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
EURNOK UpdateThis has been an awesome pair this week just closed off to end the week. Still looking at the lows for future movements and another entry in next weeks market.
All head and shoulders trader I hope saw the break and retest with a sell confirmation candle. The pair is slower than others but the moves are good. The gut said take and go so trade is close with the break of the low area before we see a reversal.
Nov12 s3.tradingview.com
BUY CHANCEENTRY TO BUY = IF YOU SEE A REVERSAL PATTERN NEAR THE RED ZONE
TP IS SHOWN IN FIG
SL = BELOW THE RED ZONE
DO U AGREE WITH ME??!
