NOKSEK IS TRADING RANGE NOKSEK Pair is trading in range once it breaks giving good entry in both ways
Key stats
Volume
—
Previous close
—
Open
—
Day's range
—
Project Genesis - NOKSEK Buy with 15 Minute ConfirmationThe 5 EMA has Broken above the 13 EMA on the 4 Hour Time Frame
The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over sold
Fib Retracement confirms a target to the Long side
Take Profit is Derived from Pivots
NOKSEK SHORTBoth currencies are exposed to risk aversion but we look for SEK to outperform. NOK was unable to capitalize on a hawkish Norges Bank outcome but SEK might gain if Riksbank delivers another hawkish surprise.
SELLOverall 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. You should be careful with this one.
Thoughts and observations on NOKSEKShort term count - just a thought, waiting for confirmation from price action (bullish scenario).
Wave 4 would mean 38% fib retracement from Wave 3
NOKSEK Trade Idea Monetary policy divergence and oil price is driving this cross. Watch to find out more.
W7-9 _ Short Term Bullish Idea _ NOKSEK H1After creating a series of LHs and LLs the price action seems to be retracing.
With the formation of two strong bullish candles enter a BUY, Targeting 38% FR and protecting the last LL.
See all ideas