AUDNOK
Great trade🔥Get ready, wolves🔥
One more triangle for today.
There is a Symmetrical Triangle on AUD/NOK currency pair.
The price was in a slight Bullish trend before this huge consolidation.
Will it be a good confirmation for bulls to go long.
However do not rush the trade.
Just follow the chart and look for the clear breakout.
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Great triangle⚖️Tired of small frame?! Here is the symmetrical triangle on 1D timeframe on AUDNOK instrument.
There was a slight bullish sentiment before. After that the price entered into consolidation and has drawn symmetrical triangle.
Interesting formation to make money.
Follow the chart and look for the best entering price carefully.
_____________________________________________________
If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".
Forex-second love🔥Tired of small frame?! Here is the symmetrical triangle on 1D timeframe on AUDNOK instrument.
There was a slight bullish sentiment before. After that the price entered into consolidation and has drawn symmetrical triangle.
Now the price made possible breakout of resistance zone . However it is not too late to earn money on this trade.
According to Elliott Waves theory all the waves are done and broke the zone.
Follow the chart and look for the best entering price carefully.
If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".
AUDNOK is in the Upward Channel!We can look for an accurate Buy entry.
Reasons:
- the price is on the Upward Channel;
- the price can break the Support/Resistance Zone;
- the trend is bullish;
- potential profit will be in 3...5 times bigger than risk.
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AUDNOK potential bullish gartley setup:
-elliot wave theory (corrective abc move after 5-wave impulse usually has support around the start of wave 4)
-stop loss fib confluence --> 0.382 of trading range and 0.13 extension off wave 4 to 5
-harmonic pattern
-fib confluence above target 1 --> t1
If the pattern is completed i will;
-look for entry at 6.36 given confirmation
-set stops below 6.32
-take profits at 6.42 or reduce position and roll stops to break-even and look for extended targets
--> if after entry pattern is invalidated then I will be looking to close on a pullback
disclaimer - trade at your own risk,
this is simply like my opinion, man.