USDNOK LONG ON POSSIBLE RE TEST ON SUPTOANDA:USDNOK After a weak business sentiment news, dollar bulls maybe unwinded long position to book some gains. Im looking to buy at possible retest on support on USDNOK. Whats your thoughts.Longby Junmadayag0
USDNOK Target Price 8.84255USDNOK Entry Price 8.71538 Pin Bar Date Time and Price (x,y) (12-Aug-2021 at 16:00, 8.71538) Shortby TradeLive-110
USDNOK Found Support at 8.7 and Long Target at 8.9Trend Analysis The main view of this trade idea is on the 2-Hour. The fx cross USDNOK appears to have found support around the 8.7 price level, as the countertrend move in the currency appears to have ended. This produces an opportunity to go long USDNOK with initial resistance observed around 8.9, which can be an initial target for the fx cross. Technical Indicators The premise is based on the RSI emerging from oversold levels and currently near the 50 level at the time of publishing. Also, there is a positive crossover on the KST. Despite the fx cross being below its medium-term MA (75-SMA), USDNOK is above its fractal MA and testing its short-term MA (25-SMA). Recommendation The recommendation will be to go long at market. Stop loss will be set around the 8.7 price level and a target of 8.9. This produces a risk-reward ratio of 1.3. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in USDNOK. Longby Ceddy86Updated 0
USDNOK!We see a setup of 3 waves that signals of a reversal. We were long on some Nok pairs but on this, we see a sell setup. Trade with care use a stop loss. Shortby miche2541
USDNOK - intraday longYesterday I have posted an approach how to trade breakouts. Here we go with the first practical structure, close to the one explained.Longby UnknownUnicorn3382580222
NOK Uptrend Breakdown + August Bullish for OilThe USD/NOK pair recently finished the upward move it began in mid May, which we previously traded successfully. The pair has now executed a bearish crossover and looks to retest lower levels such as 8.45 or even resume the prior secular downtrend. August is historically a bullish month for petroleum prices, which directly influence the NOK, so we should have a tailwind at our back. www.fxstreet.comShortby David_Warren_EllisonUpdated 0
USDNOK (Long)Long Call Bullish Signal @ Fib Levels Higher high & Higher low formation in place Hammer & Morning star patterns @ Fib level Trend line @ 4hr Candles Entry @ breakpoint of previous Higher high Stop loss below lower low 2 Stage Target profit Entry - 8.179150 SL - 8,71313 TP 1 - 8.87100 TP2 - Trailing Stop LossLongby Rabeekhatlani0
USDNOK LONGUSDNOK is currently moving on an uptrend and has created a falling wedge, so it is showing us that it is definitely a strong Buy. It is definitely respecting its trend. ENTRY @ 8.85348 TP @ 8.89239 SL @ 8.83623 I do have a tight stop loss but if you want to make a few adjustments on it, feel free to! Happy Trading :)Longby Lawrence_2Updated 0
USD/NOK - I take profits now!Last update: YES! The bulls can turn the move up into momentum and we cross the resistance at NOK 8,72980. Now I see a 5-part movement within wave 3. USD / NOK should now come back in wave 4 in green up to a maximum of NOK 8,49547. I estimate the current correction as wave 4, which has room to reach the mentioned area.by TizTrader333
USD/NOK - The bulls are strong! YES! The bulls can turn the move up into momentum and we cross the resistance at NOK 8,72980. Now I see a 5-part movement within wave 3. USD / NOK should now come back in wave 4 in green up to a maximum of NOK 8,49547. I estimate the current correction as wave 4, which has room to reach the mentioned area.by TizTrader1
false breakout then again captured some good retail moneyfeeling bad for retailers always dumbass sell will be goodShortby MegaMentor0
USDNOKfor me its just a bounce, I hope again drop below 8.50 Maybe a reject coming very soon 📉 Short term bearish 📉 Long term bullish 📈Shortby PONCE549580
USDNOK Pennant Pattern and Pin Bar and EMAUSDNOK Entry Price 8.68647 Measured Move Distance In Chart Below Longby TradeLive-1
HOW TO TRADE LIKE THEM Current price action 4hr 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 the last candle and having a short to none lower shadow as this will most likely be the second high in the newly formed bear channel as the bears take the bulls pullback.. where I’ll short down to the correction .. Gl with understanding this free education for your benefit!by Donajor8Updated 112
HOW TO TRADE LIKE THEM weekly 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 seeing this as usdcad also move similarly it’s hard to b bullish right on on them until a positive retest of the correction. by Donajor80
HOW TO TRADE LIKE THEM UNDERSTAND TRAPS follow upHere 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 price going up n hops on the bandwagon bandwagon trading is a risky method! This is Ivy League profession! The second type is the one that say I’ll wait for a pullback and then I buy. When the market have it out for you as well as they are the ones that teaches you to buy pullbacks! Thus they end up trapping most traders cus they don’t trade with psychology What is this Is the understanding that markets do what the do based off of their history and it’s well known that they will trap you after a move.! As some common facts known 1, most breakouts will fail 2, second legs trap and bull traps are placed after breakouts! 3, ranges are magnetic thus a breakout from them will end in a return to it more than not These are Psychological FACTS! BEEN PROVEN! thus knowing these we can gear our trades around them By waiting for them to trap traders and then enter the market So here we see the second leg trap that is followed by a small candle that halted at the high. Next we see the break. Higher that ended in a retrace star showing buyers being trapped at resistance. And this is your entry if you was present on the chart at that time! Sl your entry and caught 1000 risk free pips! Gl on this journey! by Donajor8222
usdnok Rally ready for wave 5Rally 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 brokenLongby Elliottwavesturk1
USDNOK Bullish Divergence and Trend Change!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, and downward momentum got stopped (for now). Longby David_Warren_EllisonUpdated 1
USDNOK looking up 🦐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. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Longby InkyGrip5