AndreM.Moldegard-Eriksen

PRO
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About me Student at BI Norwegian Business School. Got a passion for economic theories and love to perform technical analysis. Constantly trying to learn more.
Last visit Joined 2 years ago Norway
Markets Allocation
94 % forex 6 % stocks
Top Mentioned Symbols
GBPUSD 23% | 4 EURGBP 17% | 3 GBPJPY 11% | 2 USDJPY 11% | 2
AndreM.Moldegard-Eriksen AndreM.Moldegard-Eriksen PRO GBPJPY, 240, Short , 6 days ago
GBPJPY: GBPJPY 4h SHORT
51 3 5
GBPJPY, 240 Short
GBPJPY 4h SHORT

Shorting GBPYJPY due to it touching the channel edges and challengig EMA 200 (4h) and declined by both. The pair is also being close to fibonacci 50, aswell as RSI7 are near overbought. I will close out the current open position if it reaches above fibonacci 50, and look to enter closer to 61.8 and 76.4. Will place the order SLs above fibonacci 76.4, and TP at ...

AndreM.Moldegard-Eriksen AndreM.Moldegard-Eriksen PRO GBPUSD, 240, Short , 6 days ago
GBPUSD: GBPUSD Short 4h Chart
40 0 3
GBPUSD, 240 Short
GBPUSD Short 4h Chart

This pair is currently testing a strong resistance, which lines up nicely with fibonacci 61.8. The pair is also overbought (RSI 14). My stoploss is at 1.248, which is above the channel and above the fibonacci 76.4, giving the pair room to move, but will close out in time if the marked move too much. Will move SL when the pair has crossed below fibonacci 50. Take ...

AndreM.Moldegard-Eriksen AndreM.Moldegard-Eriksen PRO NZDUSD, 240, Long , 11 months ago
NZDUSD: Long trade w/ 4 entries, NZDUSD 4h
14 0 0
NZDUSD, 240 Long
Long trade w/ 4 entries, NZDUSD 4h

NZDUSD is trending up, with EMA 25/50/100/200 showing uptrend, as well as RSI trending up, MACD having a reduction of short pressure and SM is trending up with higher tops and higher lows. As such I will enter one position at .696, as well as a three orders at fibonacci level 38.2, 50 and 61,8. These fibonacci levels are close to the EMA levels, which should ...

AndreM.Moldegard-Eriksen AndreM.Moldegard-Eriksen PRO EURGBP, 240, Long , 11 months ago
EURGBP: EURGBP, Long based on EMA, RSI, Fibonacci and MACD, 4h chart
49 0 1
EURGBP, 240 Long
EURGBP, Long based on EMA, RSI, Fibonacci and MACD, 4h chart

EURGBP Has had a retracement form the current uptrend, and has seemed to flatten out, which is a sign of reversal. The point where the price has flattened out is at fibonacci 38,2, as well as between EMA 100 and EMA 200. The price has respected these EMAs multiple times earlier. MACD are starting to show bullish signs, as well as RSI is struggling near oversold ...

AndreM.Moldegard-Eriksen AndreM.Moldegard-Eriksen PRO GBPUSD, 240, Long , 11 months ago
GBPUSD: GBPUSD Order, long 4H
45 0 2
GBPUSD, 240 Long
GBPUSD Order, long 4H

Order for a long position on GBPUSD. The pair has proven to accept the fibonacci levels, and as such I will enter a position on fibonacci 61.8, formed from the uptrend from February to March, and target fibonacci 76.4, formed from the downtrend in March-April. The SL will be below the previous low, which is also below the strong support which was formed in 2002. ...

AndreM.Moldegard-Eriksen AndreM.Moldegard-Eriksen PRO SPY, D, Short , 11 months ago
SPY: SPY Short, Daily timeframe
74 0 1
SPY, D Short
SPY Short, Daily timeframe

Short idea on SPY. The price was rejected by resistance at 213.3 multiple times in April-July 2015. It has been on a downtrend since then. SL is above the resistance for security, however this is just according to my strategy, and you should do what you feel is best for you. Target is right above Fibonacci 76.4, however will reevaluate and move SL at each ...

AndreM.Moldegard-Eriksen AndreM.Moldegard-Eriksen PRO AUDUSD, D, Long , a year ago
AUDUSD: AUDUSD 1x long position, 2x long orders, great risk/reward
47 0 1
AUDUSD, D Long
AUDUSD 1x long position, 2x long orders, great risk/reward

Everything is marked on the chart. The idea here is to play on the EMA 25/50/100/200, as well as TL from weekly, fibonacci from weekly and daily and support for weekly. The position I have entered is mainly entered because of the price acceptation of the EMA 25 and fibonacci 23.6, with SL below yesterdays candle. Order 1 is based on fibonacci 38.2, and order 2 is ...

AndreM.Moldegard-Eriksen AndreM.Moldegard-Eriksen PRO GBPUSD, 240, Long , a year ago
GBPUSD: GBPUSD Tripple button confirmed
89 0 2
GBPUSD, 240 Long
GBPUSD Tripple button confirmed

The GBPUSD has just confirmed the triple bottom on a 4h chart, bouncing of the support from 2002. Movement not confirmed by MACD yet, however it is confirmed by RSI 14 and Squeeze Momentum (LazyBear). The trade on chart is just an example trade, and as such the ratio is not the best. However I would recommend a long position, targeting 1.444, which is right below ...

AndreM.Moldegard-Eriksen AndreM.Moldegard-Eriksen PRO EURGBP, W, Short , a year ago
EURGBP: EURGBP Short
19 0 0
EURGBP, W Short
EURGBP Short

Readjusted the TPs for my EURGBP short position, splitting my position up into three smaller positions. See previous post for more information about the reasoning. The new TPs are based of fibonacci retracement levels 38.2, 50 and 61.8.

AndreM.Moldegard-Eriksen AndreM.Moldegard-Eriksen PRO USDJPY, D, Long , a year ago
USDJPY: USDJPY Triple bottom, long positions
57 0 1
USDJPY, D Long
USDJPY Triple bottom, long positions

USDJPY has formed a triple bottom, hugely respecting the 111 level. We also have a fibonacci 61.8% on 110.4, so the zone 110.4-111 works as a really strong support. The price is also respecting the TL from 2013, making the current zone really strong and the pair would need a huge momentum to push the price below these levels. The TPs are based upon fibonacci and ...

AndreM.Moldegard-Eriksen AndreM.Moldegard-Eriksen PRO EURGBP, W, Short , a year ago
EURGBP: EURGBP Potential reversal
20 0 0
EURGBP, W Short
EURGBP Potential reversal

EURGBP could be facing a potential reversal, looking at all the signs. I have explained the crucial areas on the chart, but I will go over it in more detail. On chart: As we can see, the pair is closing in resistance at 0.8, which is working as a strong resistance, but due to it being a physiological level, but also because it has held multiple times throughout ...

AndreM.Moldegard-Eriksen AndreM.Moldegard-Eriksen PRO GBPUSD, 240, Short , a year ago
GBPUSD: GBPUSD short position, long shot
55 0 2
GBPUSD, 240 Short
GBPUSD short position, long shot

The gbpusd long position is the same as mentioned in another post (See GBPUSD, potential long at triple bottom). The short position might be a "long shot", in the way that we will most likely not see it happen in the closest future. In 2-4 weeks we might see the trade happen. The plan is to short close to the resistance on 4 hour chart, which has held its ground ...

AndreM.Moldegard-Eriksen AndreM.Moldegard-Eriksen PRO GBPUSD, 240, Long , a year ago
GBPUSD: GBPUSD, potential long at triple bottom
35 0 2
GBPUSD, 240 Long
GBPUSD, potential long at triple bottom

Order is showed on chart. Plan is to catch the price when it falls down, which it probably will do soon due to being oversold (See RSI), as well as the price is currently trading between fibonacci 61.8 and 76.4. The pair has formed a double bottom twice at the support zone, and if you have a look at RSI, then you can see that it has been oversold both times, and ...

AndreM.Moldegard-Eriksen AndreM.Moldegard-Eriksen PRO EURUSD, 240, Short , a year ago
EURUSD: EURUSD Potential short
186 1 4
EURUSD, 240 Short
EURUSD Potential short

Potential EURUSD short if the price hits 1.1320. The entry is 20 pips below the daily resistance, with SL 40 pips above the daily resistance. If the price gets rejected at this level, it would be a triple top and triple rejection at this level. TPs is based of fibonacci from the 4h chart. Orders is as following: Position 1: Entry 1.1320 SL 1.138 TP ...

AndreM.Moldegard-Eriksen AndreM.Moldegard-Eriksen PRO GBPJPY, 240, Short , a year ago
GBPJPY: GBPJPY short, close to EMA 200, 4h chart
57 0 3
GBPJPY, 240 Short
GBPJPY short, close to EMA 200, 4h chart

GBPJPY is trading close to 61.8% fibonacci on a 4h chart, which has previously been respected multiple times. EMA 200, which also has been respected as a resistance, is close to the fibonacci 61.8, and RSI is close to being overbought. All this, accompanied by the fact that the candle is a shooting star makes me go short on this pair. It could however be wise to ...

AndreM.Moldegard-Eriksen AndreM.Moldegard-Eriksen PRO EURJPY, 240, Short , a year ago
EURJPY: EURJPY short, 4h chart, decent risk/reward
25 0 3
EURJPY, 240 Short
EURJPY short, 4h chart, decent risk/reward

EURJPY is trading close to a strong resistance, formed on weekly chart, as well as fibonacci 50% formed on daily chart. RSI is close to being overbought and the buying pressure is slowing down, showing that the pair could go down soon. SL is above the mentioned resistance zone. Entry: 127 SL: 127.6 TP: 125 Risk/Reward: 3.33

AndreM.Moldegard-Eriksen AndreM.Moldegard-Eriksen PRO USDJPY, W, Long , a year ago
USDJPY: USDJPY long, based on TL and fibonacci
50 0 1
USDJPY, W Long
USDJPY long, based on TL and fibonacci

The price has been rejected by Fibonacci 61.8 (110.5) and the TL from 2013. RSI and Squeeze Momentum (Lazy bear) is showing strength, and MACD is flattening out at bottom. EMA 200 is still in an uptrend. Entered a long position at 113.5 with SL at 109, below TL from 2013 and fibonacci 61.8. Target 1 is the resistance at 116.3, and target 2 is 123, right below TL ...

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