H4 :
- Structure: Uptrend
- Tendency: Downtrend (Pullback)
- Scenario => LH and HH forming
NOTE =>
I only use Elliot correction wave in order to form the structure
- > Waiting signal => SELL
USDNOK bounced off 9.21830 where it could potentially rise further to 9.28825.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK reversed off its resistance at 9.24450 where it could potentially drop further to 9.16780.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK reversed off its resistance at 9.15176 where it could potentially drop further to 9.12411.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Trade idea.
Currently, USDNOK is stuck in a triangle pattern, but this morning, during the Norges Bank rate release, the pair slid lower, but was quick to come back into the pattern. Given that the pair already had an amasing run higher, there might be chance for a small correction back down. But before we could get comfortable with that, we will wait for a clear...
There is a MACD divergence in the dailies. The weekly divergence is not so strong but good enough for a trade. The slow adjusted slow stochastics in both the time frames is at the top of the range.
Current spot is 9.0922.
Leave an order to sell USD at 9. 1010 (38.2 % retracement of the recent down move from 9.1822 with a stop loss at 9.1360.
Good Luck.
On this chart, we see a complete 5 Wave impulse, waiting for the breakout off the support, with a re-test thereof then we sell again towards the FTR or 50.00 Fib Retracement levels
USDNOK bounced off 9.12775 where it could potentially rise further to 9.21030.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
- USDNOK in line with our reversal strategy has formed bearish divergence on the daily timeframe at a key resistance level suggesting we could see prices fall back into the weekly support level.
- Best area to short at 9.1096 by using SELL STOP.
- Brent Oil starts to push upside and this can help NOK to fall down.
Regards, GoldfXcc
USDNOK reversed off its resistance at 9.13967 where it could potentially drop further to 9.09081.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK expected to rise up to 9.18850 where it could potentially react off and drop down to 1st support at 9.11148.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
