better and better perspectives for oil (sharp rebound after wednesday's inventory report) fuel downward trend for USDNOK
USDNOK expected to rise up to 9.19529 where it could potentially react off and drop down to 1st support at 9.14950. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
CD leg formation of Bullish Cypher on H2
USDNOK expected to rise up to 9.19529 where it could potentially react off and drop down to 1st support at 9.14950. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDNOK is approaching its resistance at 9.16290 where it is could reverse down to its support at 9.05090. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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USDNOK bounced off 9.05090 where it could potentially rise further to 9.16290. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Price broke ascending channel trend line, waiting for a continuation pattern that retest 9.16000 or 9.20000.
In this graphic we can observe a ascending wedge, the wedge pattern has two converging trendlines, but in this ascending wedge is a opportunity of bullish an we can observe when is the break up in which we have the opportunity. Don't forget to place your stop loss and take profit
Chart say it all. We can now enter on a DAILY AND WEEKLY SHORT FOR 0000'S Pips.
RSI Divergence on USDNOK with reversal candle ( Shooting star ). Stop placed above recent high and limit placed at 50% retracement of recent move for 1:5 R:R
USDNOK to reverse from its downside confirmation at 9.16290 where it could potentially drop further to 9.05090. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDNOK to reverse from its downside confirmation at 9.17333 where it could potentially drop further to 9.05090. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.