EURNOK support and resistance 1DEURNOK support and resistance 1D. I set tp1, but it should go futher.Longby ValentasmUpdated 1
EUR/NOK 4H Chart: Surge in sight The Euro began weakening against the Norwegian Krone after reaching the upper boundary of a long-term ascending channel located at the nine-year high of 9.9880. The pair reached a one-year up-trend marked with the dotted line late in January and subsequently began surging in a steep upward movement. The pair was testing the 23.60% Fibo retracement (low and high at 8.7883 and 9.9949, respectively) and the 200-period SMA circa 9.70 today. The current positioning of the pair suggests that the Euro might be due for a slight decline down to the 55– and 100-period SMAs and the trend-line during the following trading sessions prior to breaching the upper boundary of the aforementioned resistance area and accelerating towards the 9.90 mark. Longby UnknownUnicorn8906902
Eur/Noki BuyI got back in this considering how it consolidated and basically made a flag for a buy. The level we want to see it break is that green line right above it. Probably at least a scalp to 9.600, possibly much more, I would look for it to break trend line and at least form a rectangular channel. My TP 1 is 9.61279, TP 2 9.6949Longby thillygoosth111
EUR/NOKI Bullish AB=CD patternAlso breaking out of diagonal at equal length in structure. Strong downtrend, very oversold. Just produced a small buy setup on 1 hr but still no TRUE confirmation. Daily bollinger bands curling up hard. Might look for possibly larger corrective structure possibly turning this diagonal into a pitchfork, or look to test the low of first wick in diagonal...Longby thillygoosthUpdated 0
EURNOKEUR should be fairly strong in the coming weeks and we are currently at two support lines so I'm buying into the current retracement.Longby svenbrueningfxUpdated 0
EUR/NOK 1H Chart: Pair likely to breach triangle soonFollowing a southern breakout of a three-month ascending channel, the Euro started to weaken against the Norwegian Krone, thus resulting in a formation of an opposing channel. This pattern was likewise breached on Friday, thus leaving the rate in a symmetrical triangle—a pattern that has already reached its maturity. Currently, the pair is stranded between the 200-hour SMA from above and the 55– and 100-hour SMAs and the weekly PP from below. Given the strength of the southern barrier, it is more likely that the former is breached. In order to confirm a surge, the pair should also breach the monthly S1 and the weekly R1 circa 9.7050. A possible upside target in this scenario could be the monthly PP circa 9.85. On the other hand, the 9.56 area should limit further losses in case bears take the upper hand. Longby UnknownUnicorn8906901
Target in aim EUR start to lose power and the cross want to go directly on the target delimited by the two supports in chart A long term market pressure of - 11.7 confirm the downtrend This analysis is based on market pressure. On my twitter profile twitter.com you can find everyday the market pressure value for all crosses. Have a nice trading ! Shortby MarketMiracleAdvisor4
EURNOK shortWait for the price to go up near the major resistance, then look for the reversal candle pattern to go short. by montioga2
Probable shortIf the upper channel border which we are close to now (approximately 9.95- 10.00) is not crossed then a move down is to be expected. Moreover 10.00 is a psychological barrier. Even though I also take into account the possibility that the price will get to 10.20 for a while and then sharp move back will take place. Good luck!Shortby CentriUpdated 5
2018 FORECAST WITH ABCDs "HARMONIC MOVEMENT OF THE PRICE"2 ABCD PATTERN: A)THE SMALL ONE: 161.8 extension// B)THE BIG ONE: 127.2 extension// so Chance for "abcd-s"with confluence of fibonacci ///// by carza961
EURNOK longIdea: Possible support and return long. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk. Update idea Longby fionnablack2
EUR/NOK 1H Chart: Euro points to weaknessThe common European currency has been appreciating against the Norwegian Krone in an ascending since late September. This pattern has guided the pair up to the 9.9156 mark—its highest level during the past several years. Apart from this channel, the pair is likewise trading in a junior one valid since November 21. Its slope is relatively steep; however, as apparent on the chart, the Euro has failed to initiate a solid wave up. This suggests that a change in the bullish sentiment might occur soon. This assumption is likewise supported by technical indicators. In terms of support, the pair might hinder near the 9.75 area near where the monthly PP, the 200-hour SMA and the weekly S1 are located. by UnknownUnicorn8906902
Alright, EURNOK 2nd Time Around Bearish Bat ShortMy last EURNOK didn't go quite well, but thats okay, win some lose some. Anyways, I am going to strike this pair again. Going for a 26.18 and a Bearish Bat pattern at the same time forming. The 2.618 trade is a great pattern invented by Jason Stapleton, kinda high risk pattern but is great as its always going to have a greater than 1:1 risk reward.. I am paring this 2.618 pattern with a bearish bat, together, will give me less risk more reward. Lets see, price needs to bounce just a bit higher for me to get in. Shortby JackDale3
Long long term EURNOK observedHello Traders, Long Long term observed for EURNOK Your reflection on my analysis I highly honor. Thank you.Longby yikboyx3