Wassup, wolves🔥
There is a ready to trade formation for you!
The price is slightly falling on a bigger frame.
It could be a good signal for bear-traders.
According to Elliott Waves theory all the waves are done and now the price is heading to the breakout.
However do not rush the trade and look for breakout.
There was a bearish fakeour already.
Follow the chart...
Summary: The strong USD and now a strong JPY, together with other market indicators suggest a rather strong wave of risk aversion rolling over markets here on spreading Covid restrictions in Europe and as we await the US Fed Chair nomination announcement and wonder to what degree it matters beyond a knee-jerk reaction. Next week an interesting test for markets as...
Tight SL will be helpful.
Less risk, more profit
SL: 12.7790
TP: 12.7505
R/R: 1:1.88
This is for educational analysis, not for a direct trade signal.
When you check the chart, please check the resistance line and heavy support line.
Hi Traders,
This is our view on this cross for the next few days.
#NOKJPY
BUY 12.43
SL 12.29
TP 12.71
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Eventually, any updates will be given in the comment section...
NOKJPY has respectedon the daily TF has made a strong bullish impulse followed by a nice correctio to test the daily support (demand zone) which it has respected , on the 4hr market has broke above this counter trendline/ descending triangle formation, after forming a nice double bottom. we can enter long on the retest.
NOKJPY market has rejected daily resistance with a strong bearish candle, on the 4hr we have bearish structure, on the 1hr market is trading inside of this descending triangle formation - lower lows into an area of support if the support gets broken we can look for a nice intraday short position.
Hi Traders,
This is our view on this cross for the next few days.
#NOKJPY
BUY 12.250
SL 12.160
TP 12.470
#NOKJPY
SELL 12.475
SL 12.555
TP 12.340
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Eventually, any updates will be...
We look at why Oil prices are supporting the Commodity-linked Canadian Dollar & Norwegian Krone.
I analyse how markets use Manufacturing PMI data In the U.S to know when to buy and sell Oil based on demand expectations driven from Global growth.
We can take the following trades
BUY CAD/JPY
BUY NOK/JPY
SELL USD/NOK
SELL USD/CAD
And again, bearish!
I have outlined Fibonacci goals in green, invalidation is in red if shown. This is a hobby to share my ideas with you, so do not take anything I ever say for financial advice. I suggest you learn Elliot Waves and TA by yourself. In my experience Elliott Waves in combination with Fibonacci Retracements/Projections/Time and a momentum indicator...
