U.S. Dollar/Norwegian Krone

USDNOK FXCM

Donajor8

So in on this chart What I’m looking for is a short entry For reason I’d mentioned in the links below So I see a trap pullback into failed bullish continuation as this is seen not by the small bull candles cus the rally can pick up later but by them closing less on their highs as they trend up What I’m looking for is a bearish candle to close lower than...

Donajor8

Here we have two traps 1. A second leg trap that trap two types of traders This is done as they send price up from support with high volume! As the market goes up , you see the progression and want to participate over anticipation the move thus you become reactive not proactive. You buy it when they are already done. The first type is the one who solely see...

Elliottwavesturk

Rally ready for wave 5 Wave 4 has been modified in a zigzag pattern We see divergence between wave 3 and 5 of wave c Trendline Corrective Wave 4 is broken

plancton0618

USDNOK after the double bottom over the support has moved to the upside over an ascending trandline. The price has now reached a daily resistance and according to Plancton's strategy if the market will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵...

BhekaniZitha

Hello my Follower, Here i have USDNOK in a descending channel making a move upwards... it has broken the trendline within a structure and made a 50% correction and now it's heading for a 50% fibonacci zone of the descending channel...so basically, i am trading a correction pattern of the previous bearish structure... I thank you

Donajor8

so on this weekly pair we see a strong rejection of higher prices on the rsi n chart so we have to b bearish on the overall direction Yet we see a correction at the low Which is testing the necktie here, and the weekly mvwap which we can see on the rsi it gave us a nice rejection. Thus the highest probability here is to short the pair down to the correction So...

Donajor8

Looks like a bearish continuation as price rejected the mvwap several times its safe to look for short long trades. Maybe at the retest of the necktie here of the m pattern of continuation. Gl

Trading_Vista

There is a history of ranging before breaking down in this pair. See how it was ranging between 8.6450 and 8.3800 for several weeks before it broke below. Now we have something similar and despite multiple attempts during the past 6 weeks, this pair has been unable to close above 8.3800. This pair has clearly been on a strong bearish trend since Nov. and I don’t...

CalmSteady

decent R:R

CalmSteady

trend is down so we short. alert set.

IsaacOjo

I'm looking for price to test the monthly high and reject back to the downside based on the confirmation of the DXY which is in a bearish trend

BtcPablo

ez gg ff @ 20

Donajor8

Triple bottom made with an inverted hs. Market is bearish those yet the bulls are very convincing as we can see here The market rejected the average but the bar still was bullish! It sold and returned to the average yet the second time we see a strong bull candle! Notice how price pullback before it retested the average! Also notice how the first test led to a...

DavidNeiderauer

The USDNOK pair has sure taken a beating lately. But there are signs that the trend may be changing to bullish. 1. The RLCO crossover occurred Friday suggesting a new upside trend. 2. The CMF shows bullish divergence (a higher level every time a similar level in price is achieved - notice, for example, May 13 vs May 21). 3. We've possibly made a triple bottom,...

IsaacOjo

Possible market projection on the pair in the coming week. It's been a downtrend on previous weeks and the market is ranging between a certain zone. It's possible it pulls back into a uptrend

RizeSenpai

We have triple MACD Bullish Divergence on the weekly and a breakout of a falling wedge. We will likely breakout and retrace back up near the 50 percent retracement area at around 10 dollars.

NBFXMALAYSIA

Detail as shown in picture. Goodluck.

dtingbudong

NOKUSD was in a multi-year uptrend before COVID disrupted things. We have now regressed far below where we were previously, and there is reason to think that a turnaround may be in store. At minimum, we are likely to catch a small bounce here. 1. Bullish divergence on volume-based indicators. With each of these three tests of 8.20, the OBV and Chaikin Money...