Norsefx

Norsefx

Price have taken out the 165$ support from october 2023. Price is reacting bullish so far with a lower timeframe breakout from a sideways channel. Risk is 0.25% since i cant risk beeing involved in a oversized gap down due to FTMO daily drawdown rule. Tradeplan: If price starts a new uptrend. I will use ongoing technical analysis to buy more IF i am correct...

Norsefx Updated 

This is a continuation of my last trade on Aud/Jpy. Price have broken out of the trendline and is now closing in on it for a potential retest. Price also has the Ema 50 4H helping with confluence along with the overall high timeframe trend. I am waiting for a touch and confirmation on my idea. Tradeplan: Wait for touch. Wait for lower timeframe confluence. SL:...

Norsefx

BOJ Raised rates first time in 17 years today. I expect that the JPY will set a new long term trend based on this. And i will do what i can to take advantage of such a oppurtunity. Right now price is at a higher timeframe trendline and i am now short based on that alone. If price breaks to the upside from this level i will use the same trendline or Ema 50 1H to...

Norsefx Updated 

Price kissed Ema 50 during the london session and printed a turtle soup pattern when it took out previous week low in the same move. Tradeplan: Buy when price touches Ema 50. SL: 20 pips TP: 40pip - Todays high

Norsefx Updated 

Thesis: Price is coming from a daily liquidity grab or HTF turtle soup pattern. Price is now hitting Ema 50 on the daily TF. Confluence: HTF Trend Ema 50 Daily Fib zone Playing this setup with a tight SL since HTF hits can offer a favorable precision when this strategy gets deployed.

Norsefx Updated 

NFP strategy. 61.8% of NFP leg. Risk: 2% - if it fails then my clipsize is empty.

Norsefx Updated 

Orderblock / Ict style trade. Notes on chart. 2% Risk

Norsefx Updated 

61.8% Old SR 4H EMA 3 Confluences points. Order in at 61.8% ( not filled ) SL above 10.60 Target: Lower parallel channel projection.

Norsefx Updated 

Price have seen signs of reversing on the higher timeframes. New 1h high and planning for a long off the 61.8% (will move orders if new range formes ) SL below low. Target 1.27 ext

Norsefx Updated 

USD/NOK Price have traded outside of the current channel and fell back inside printing a potential blow off top. Have re-entered 1/3 size on this setup too. I dont like opening a fresh trade friday afternoon and holding over the weekend.

Norsefx Updated 

Price have penetrated the previous high and closed below on the daily timeframe. Entered@1.3806 SL:1.3863 ( above previous highs ) Target: 1.3504 ( previous lows ) Risk 1% RvR: just above 4:1

Norsefx Updated 

Idea based on previous thesis. Entered 1/3rd of my position. Will enter the remaining 2/3rds of the position IF i am right about the trade. Hiding my SL above 11.04

Norsefx Updated 

USDNOK: Price has been in a uptrend, i am going for a double top/SR play on this one. 1H Closed below SR so 1/3rd of the position is now short. IF price breaks down from this area i will use fibs from recent high to the new lows and go for a fill at 61.8% fib to add the other part of the position.

Norsefx Updated 

Turtle soup pattern. Just stopped out of first attempt. Ready for another SL on this attempt. Will fire again, with failure on upper trendline. Any break above upper trendline. should be a parabolic trust up, so plan is to go long if that scenario occurs. Risk: 1% SL above daily candle with some wiggle room. TP target: 8.6

Norsefx Updated 

Usd/Jpy 1H chart. Price have recently printed fresh highs, with this ONE even breaking the high formed back in 2002. Price have pushed trough the recentLY formed high and failED to move higher. The pair itself has moved 19% in a almost a straight line in the recent months, thats alot even for this currency pair, this pair usually top out at 16%, so the thesis...

Norsefx Updated 

Price hacve hit a trendline and showing signs of exhaustion. 10.00 is also a major area for USDNOK, only been above this level once according to my memory ( covid crasy ) I expect price to come down and test the lower parallell trendline projection and with that confirming a channel. Rate decision on thrusday 23 of june, and price likes to move before the...

Norsefx Updated 

Daily triple bottom. *Pending confirmation* Tradeplan: "IF/THEN" If price closes @ 0.6238 Then i enter on a pullback to the EMA 50 1H. 1H Already over EMA 50 So a daily close in this area will trigger a 1H EMA entry long. I use a algorithm to execute the trade for me. Now i just wait.

Norsefx Updated 

SPXUSD Has been printing lower lows and lower highs since it failed at previous resistance late march. Price is trading below EMA 50 on the 4H and the Daily timeframe, and has formed a lower channel trendline and the projected upper channel trendline and the EMA50 4H acts as confluence in this setup. 4140 area will act as a potential target if trade is triggered...