U.S. Dollar/Norwegian Krone USDNOK

We probably topped near the descending resistance of the falling channel on the weekly, while Stochastic coming off overbought area. The price is also about to complete a small double top formation at that resistance(The pattern will be confirmed only if we close this week below the neckline at 8.2889). As we are approaching the shorter term rising trend line, ...

https://t.me/joinchat/AAAAAEejT87TqEA3XsB-ZA

Double bottom break and a retest of the neckline.

The US Dollar has been appreciating against the Norwegian Krone since the pair reversed from the lower boundary of a long-term ascending channel located circa 8.1000. This movement is bounded by an ascending channel. Currently, the pair is trading near the Fibonacci 50.00% retracement at the 8.1825 mark. The exchange rate is supported by the 55-, 100– and ...

The downside of the US dollar and the Norwegian krona on the channel

Maybe this idea will work?

It is set-up for short position based on the following : - recent bearish trend - ABC pattern where C stopped at 0.786 which is bearish sign - Pair is trading below 200 EMA - These blue rectangles are showing GAP's from weekly time interval Things which are suggesting that this trade is risky: - for the last 4 years this pair is in bullish trend - on daily ...

my algo said long. First target is yellow resistance

Bearish engulfing pattern plus double top Preceding uptrend We will wait for a decline pattern in 4h most likely. The shown operation would be the best I can currently see. However there's chance price is not able to go up to the segmented black line so either way we will look out for a potential bear control in 4h-1D. I'll be using for the japanese candle ...

USDNOK(4hr chart). AB=CD at Support, within Channel.

This connect to my daily USDNOK short

Come on daddy needs a winner. The voodoo has told me if I scale in with orders of 69k he will be good to me. I am almost sure this will hold, maybe my instinct is entirely wrong.

+ NOK inflation above consensus 3.4% (yoy) -> fundamental support +/- DXY in sideways around 95 level + September 20th interest rate decision: hike to 0.75% expected -> market hasnt priced it fully yet - Double top too obvious -> short stops still can be hit - 50d EMA is near support -> breakdown needed

Short opportunity. Sell the breakout.

Looks like we bounced from the support and are nog coilling around this resistance, i'm looking for a long entry here on lower timeframe. Targets in the chart. First target is next resistance, 2nd target is around the last coilling point, wich could turn it all around. 3rd target is a runner, ill be scaling of at targets 1 and 2. 25%,50% and leave 25% running with ...

Trade the set up. Good luck.

tp1: 8.3681 tp2: 8.3505 sl: 8.4082

GOOD LUCK