Eurnokshort
EURNOK continuous downwardsEURNOK will continue downward movement after breaking support level, momentum downwards is still strong...
EUR/NOK Short Idea Price respected trend line, and reached oversold territory. Impulsive move to the downside has happened. Expecting pullback before price drop to 50% or 61.8% fib level. Trade at your own risk.
EURNOK AssessmentShort opportunity emerges as EURNOK reaches the tip of an ascending wedge on the weekly chart.
EUR/NOK : Trade Setup !!EUR/NOK , SELL at Current Price or After Breakdown .
You Can Also Set own Risk Reward ratio .
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
EURNOK 4HR SHORT OPPORTUNITYTrade what we see:
Price is following a bearish channel with lower highs forming.
We have two support lines to work off, one formed on the 4hr chart and the second formed on the daily time frame.
A pin bar is forming now and I am waiting to setup this short position which has a great risk / reward ratio.
If this pair breaks out and we see a successful retest, then there will be a good long bias.
EUR will fallThe market pressure say that this cross will breakout and get lower prices.
For a complete list of market pressure visit my twitter profile
High short pressureWe are observing high short pressure on this cross
maybe a good opportunity for entering in positivite swap cross
Confirm weekly viewThis can confirm our weekly view on this pair. Lets take a position and see what happens. Good luck
Golden opportunity?Golden opportunity to shot nok on the long term? It looks valid. Lets give it a try
EU Losing MomentumEU have had a good run lately, but it seems over, for now at least. EURNOK is a bit special to me. Won a lot, lost a bit, yet, I keep fixating on it because of the large swings and very clear formations it makes. Finally it has come to a point when it is either breaking out short or consolidating. Looking at the past six days, it couldn't make new tops, it's sliding downwards. To add on that, short-term MACD, RSI and mid-term Stochastic seems to agree on most charts, that it's going downwards.
EURNOK New BreakoutA breakout just happened on this pair. I'm only in for a small amount, because EUR has released strong numbers and volume isn't strong. It have been building up cash for over a weak now. But it's a solid breakout, with an exhausted candle yesterday. There is always the chance it might pull back a bit, in US market open, so you could wait. If RSI is diving under 25.0000 I might add to my short position.
EURNOK ReboundIt's rebounding on the fan. EUR is not having a good morning, so a nice add for those that jumped in the last time I had this pair up. For new comers it might be a small entry for you. We are below all ema/ma's, rsi can't make new high. I believe a few coins can me made on this trade.
EURNOK Breakout 3TAPWaited for this to happen for some time now. Hopefully patients will pay off. I have a pretty aggressive short position. Be aware of my stop loss. It is large, but it needs to be over the breakout line so I do not get stopped out if/when stop loss hunt begins. Profit could be bigger than I show, but currently I limit it around 8.83730 which is the last time 200MA had a consolidation. (Zoom out on the chart to see)
EURNOK Norse resistanceEURNOK might not be the most popular pair, but it sure is graphical. Look at this 4TAP formation. You can be sure if that breaks, it will fall like a stone. If not, it might bounce up to a nice long which will eventually find support resistance again at 55MA, if it breaks that we look at resistance at 200MA. Really looking forward to see what eurnok does over the next week.
It's a NOK-On! EURNOK is trading at some interesting levels, if the breaks key levels; I will be a seller.
(1h) Bearish Shark @ 224% extension confluence with 618% retraceFX_IDC:EURNOK
At Divergence...
Safe Trades;
Eurnok Amazing Short BabyLooking good right now as breaking the lower Trend line of symetrical triangle
Reasons to short
Symetrical triangle breakout
About to reverse to downward trend
volume is on fire
Financial institutions are willing to sell
Similar Eur pairs are moving down and forming same sell patterns
1 By 4 Risk to Reward Ratio
Upper Trendline Rejection
