EURNOK Buy SignalPattern: Ascending Triangle on 1W.
Signal: Bullish as the price rebounded near the Higher Low trend line.
Target: 10.000.
EURNOK
EURNOK continuous downwardsEURNOK will continue downward movement after breaking support level, momentum downwards is still strong...
SHORT VISION ON EUR/NOK FULLY EXPLAINED4H CHART EXPLANATION:
In the short term, we observe a Descending Wedge Pattern being formed by the last downtrend. Now we are waiting for a pullback towards the Confluence Zone between the Top of the Wedge Pattern and the Broken Ascending Trendline, and after that a bounce to continue the downside move. This is the short term vision, the mid and long term are explained below on the Daily and Weekly Timeframes.
MULTI TIMEFRAME VISION:
-Daily:
-Weekly:
EurNok Panorama completoPanorama Completo de que esperar en el par EurNok, de confirmarnos el cambio de estructura al romper el ultimo minimo, se viene una cambio de tendencia con un TP 1 de +7400pips
EURNOK 1:4 / 1:5 Risk Reward LONGEntry : Bottom of the trendline
TP : Top of the channel, could potentially hold and see if it breaks,in which case take your profits on a 1D wick backwards/a clear sign of reversal (RSI,BB, previous resistances)
SL : 0.20%
EurNOK Sell Hi All ,
Still Holding a sell on this pair . Entry and SL and TP marked . LONG term Swing ,
Many Thanks.
EURNOK: Possible bearish move.The pair is consolidating on 4H (RSI = 49.952) awaiting for a break out. 1D has followed a perfect symmetry so far on 1D (Inverse Head and Shoulders) and if the 1D MA50 breaks, we expect the price to test the 9.6450 Support.
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EURNOK Short Opportunity Ideally, catch it at the swing high and short it back down to the trend line.
EUR NOK LongI see a positive trend, with 2 opportunities for profit. tp1: 9.81749. tp2: 9.83563 Sl: 9.77744
*Risky Trade* approach with caution, also well done to everyone who followed my previous signals and in the telegram group it has been a very solid week.
EUR/NOK will dropIf we get a close below entry point and pullback towards the blue line, then I believe that shorting will be a way to go
Waiting signal on EURNOKif the EURNOK manages to break its major resistance zone at 9.87311 then it will be a buy until its previos major resistance zone at 10.03895
or if it is rejectecting that level and giving any reversal sign then we can sell.
EURNOK : Norges Bank is most likely raise rates in JuneScandinavia’s richest corner breaks global central banking mold - Bloomberg -
As much of the world’s central banking community goes into a defensive crouch, Norway is signalling it’s ready to deliver multiple interest rate hikes.
Governor says March forecast may imply 2-3 rate hikes in 2019
Norway’s oil wealth is allowing it to buck the global trend
Near-term Levels As described on the chart.
I will share the detailed report later.
Waiting sell signal on EURNOKThe EURNOK shows that is it on a downtrend on daily timeframe
Therefore I am expecting it to touch the outer trendlin since the inner trendline has been broken meaning it is going to re-test on the resistance
zone at 1.74046 and should make a touch on the outer trendline.
EUR/NOK_H4_4/27/2019H4
bullish engulfing on weekly timeframe
tendency is up
tested supply zone ahead
and a fresh supply zone
