GBPNOK JUNE 1-5FOLLOWING LAST WEEKS DOWNTREND WAITING FOR RECTANGLE TO BREAK OUT OF CONSOLIDATION 4 HR FULL BEARISH CLOSURE BELOW 11.94389 CONSOLIDATION, ENTER SHORT Shortby drewillixms4
GBPNOK!This upmove is in sight but getting that entry will mean, trying most buy entries on m15 timeframe...Longby miche2544
GBPNOK 4HWe are at a key support line. I’d wait until we get a higher timeframe (4H) confirmation of a push up before taking a buy position. by MTForexBook5
GBPNOK!Watchout for that corrective upmove.. To trade that, check price action on lower timeframes..Longby miche2543
Quantitative Trading Group GbpNok AnalysisGbpNok Sell @ 12.70154 Tp: 11.9904 Sl: 13.0684 4 hourly time frame Our trading approach is solely based on a quantitative trading approach. We use a combination of momentum and reversal as part of the general strategy in quantitative finance to predict the net sellers and buyers in particular assets we trading. We are taking a sell on gbpnok on the H4 time frame as it has an accumulation of 5 net buyers with a quantitative power reversal commutative value of exactly 925. It is, however, difficult to illustrate this on this platform as it is restricted to technical tools. Shortby MvPthequantUpdated 7
Possible Sell off on GBP and rise of NOKOil finally satelliting down there is a possibility of NOK rise and a great come back on the pair to it's normal stateby rizmalik5
Double bottomPrice is currently at a strong support level and show a double bottom trade opportunity with RSI divergence for extra confluence. Stops are placed one ATR bellow the lowest wick and targets are a re-test of last high.Longby adilenecontreras4
Possible move for next monthGBP/NOK has a possible move for next month, Some support can be shown to oil and Brexit is slowly back on the table both GBP and EU can be volatile. by rizmalik5
Reversal Target Since last targe is reachedSome of the targets have been reached we are aiming for the reversal targets. by rizmalik8
GBP/NOKTime is very difficult for NOK as markets in Norway are not only facing problems with COVID-19 but are also facing Oil price war at the same time. Droping oil prices might bring major market shift from OPEC to Norway's Independent market. but as far as we are concerned NOK needs to come a little lower before it hit the higher levels. We did not see spike this high in NOK before so either use SL or Hedge to cancel trades.by rizmalik115
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.Longby GWAVE5
waiting and watching I am pretty sure NOK is way over priced right now as Oil found some ground and NOK will be rebound soon by rizmalik5