In the 4-hour timeframe, a bullish signal emerged as the 13 Exponential Moving Average (EMA) crossed above the 5 EMA, indicating potential upward momentum in the currency pair. However, caution is advised due to the Trade Development Index's Fast Moving Average (Fast MA) surpassing 20, suggesting overbought conditions. Furthermore, Fibonacci Retracement analysis...
NOKJPY cannot make a new higher high and it hits resistance level, so we can look for short order.
Good luck.
Stopping loss is necessary. Always keep it with your all trades.
Looking at the Norwegian Crone/Japanese Yen (NOKJPY) daily chart we can see that it has been ranging for a while after bouncing of our key price level at 12.250 a few months back and has been consolidating since then after failing to break above 12.880.
Now looking to the right we can see that NOKJPY just broke out of our current consolidation and if it manages...
High Risk NOKJPY $NOKJPY Initial Long. I will not be taking this trade. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Overall Average Signal from all our indicators suggests a Long. Entry is at market open and exit is shortly before market close or whenever you are okay with profits.
Overall Average Signal from all our indicators suggests a Short. Entry is at market open and exit is shortly before market close or whenever you are okay with profits.
Overall Average Signal from all our indicators suggest a Long. Entry is at market open and exit is shortly before market close or whenever you are okay with profits.
