EURNOK if the price break the down trend , the price will go up There is a positive wick on the resistance line the price bounced from it , if the price break the down trend , i think by 65% the price will go up , correct me if i am wrong
EURNOK trade ideas
EURNOK - To valhalla!First things first: all hail the vikings!
Why I like this trade:
- NOK with the MUCH better fundamentals
- NOK clearly undervalued on a longterm timeframe
- Norges Bank quite dovish in their last meeting but could get hawkish again in march as
-> inflation has massively surprised to the upside
- inflation expectations on thursday will be key for NB
- NB could reduce NOK selling
- oil and nat gas with upward potential
- EUR optimism is overpriced
Short EURNOK - the vikings will win!First things first: all hail valhalla!
Why I like this trade:
- NOK with the MUCH better fundamentals
- NOK clearly undervalued on a longterm timeframe
- Norges Bank quite dovish in their last meeting but could get hawkish again in march as
-> inflation has massively surprised to the upside
- inflation expectations on thursday will be key for NB
- NB could reduce NOK selling
- oil and nat gas with upward potential
- EUR optimism is overpriced
EURNOK Down.EURNOK Down.
Its peaking and showing 1234. Move might show up in USDNOK as well later on.
EURNOK long setupEURNOK entering a local demand zone, might get some action to the upside on this level and potentially scalp some profit of it.
EURNOK shortEURNOK closing also in on a potential supply zone.
If zone is entered by price, a potential short presents itself.
EURNOKEURNOK- market map.
The price dont have any direct now, but if a lower support line holds well, it can be used as an entry zone with a small stop
EURNOKThe market is following Dow theory + AB=CD + Candle stick Pattern + Fib Retracement.
Market is likely to go down
EUR/NOK BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
After some time of sending us mixed signals
EUR/NOK is finally giving us a solid bearish bias
And judging by the price action at the lower timeframes
The pair is about to go down!
SELL!
✅LIKE AND COMMENT MY IDEAS✅
EURNOKThe probability of a bearish move is high due to various confirmation points. First, the price has broken a major trendline, second the price has been retesting the trendline for quite sometime.
EURNOK short the double top EURNOK has formed a nice double top close to the 38.2% fib. Unfortunately I missed the entry to go short, I will try to get into the trade once price retraces to the upside. The target of the short would be another touch of the bottom trendline. We also have a slight bearish convergence on MACD.
Goal: 7825.0 Units (EURNOK)Parallel Channel formed on EURNOK Weekly Time Frame. Enter a long position.
Pivot Point Entry Idea For Future Trades Enter at Pivot Point, 50% Retracement. Enter any value between 38% and 50% Retracement.
Loosing trade 3FX:USDNOK
Bias was long, Bought at just the right price,
trade closed intentionally at 9.70650
(Closed the trade early Because I did not like my entry)
, also my lot size was too big for a single trade,
was on the process of adjusting my lot size
to 0.05 - 0.1 lot per trade.
EURNOK Short Insight:
--------------------------------------
- Oil clear break above 100
- EUR fundamentally weak
- Gas up
- Winter is near
Goal: -1738.9 (EURNOK)Expect EURNOK to decrease 1738.9 units. Horizontal Support and Resistance Level has multiple touches.
THE HOLY GRAIL- SIGNAL 30k 4 120 Accumulation at the bottom broke channel and sold a right shoulder pullback … with alternative bears bars late n the bear moves closing low is a failure and we can anticipate smart money will take the markets signal here n see a push up as a measure move at least with trailing target of 12.5 with a sl of the monthly low. That 30k pip target with 125sl.
