GBPNOK
GBPNOK rotation, double bottom to longI'm checking the situation on GBPNOK for few weeks and things are finally happening. I see a nice opportunity from weekly and monthly timeframes to end that descending triangle and break out from it back to the bullmarket, lower timeframes just confirms that! I'll wait for singnal to buy in that green reaction zone and specially on level 11.5621 which got the biggest volume. If something interesting will happen, my stop loss would be 11.4297, so i think we'll go up next week probably from saturday, but without a right reaction on levels there's no trade so be parioent and stick to the plan! Wish u good luck!
GBPNOK 1H 120pip BUY for 24-26 March 2021Hello new trader here working on my TA pls comment and leave feedback on how I can improve.
Looks like GBPNOK could be buying today or tomorrow. I don't usually trade 1H so we'll see how it goes, this is simply a trade idea not a signal but the highlighted buy zone would be the ideal place to get in on this move. If you get in nice and early you could be looking at 120pips if it hits the upper accumulation trend channel which is possible as we have a bullish bias on the short + long term.
Stochastic and macd indicators are both low, SOTW ( shark out the water) is the name I give it when stoch breaks down through to 20 or 80 dashed lines, it indicates a strong buy is overdue, especially on an uptrend. Macd is usually better suited for longer time frames but we're gonna trust it here as the hidden bullish divergence seems legit - same story with stochastic. Price broke the uptrend orange line and is now below it, hoping to see a retest and break in this buy so I would set TP on the line and break even when this is hit. 30 - 40 pip stop loss should be sufficient to dodge any stop hunts.
As always ensure you wait for confirmation before entering because fakeouts are common on gbp/xxx
Hopefully this is a winner
Vince / Vmoney
GBPNOK looking up 🦐GBPNOK on the 4 h chart After breaking the minor descending channel, broke above the resistance and currently retesting it.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigge
GBONOK on a channel break 🦐GBPNOK on the 4chart is moving inside a descending channel.
The price after the last bounce over the monthly support at the 11.44 level starts a bullish move and now testing the upper trendline below a minor resistance.
IF the conditions of Plancton's strategy will be satisfied, we can set a nice long order
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together
Bullish on GBPNOKIt appears we pivoted. Bullish signals rang sounding clear. 1-2 pattern post pivot, beginning of Wave 3. Therefore, Fibonacci Goals in green, invalidation in red. Good luck - this is not financial advice.
GBP NOK , long The pair has just broken above the daily resistance now turned support and testing both daily resistance.
As we can see its rejecting the fib step by step and will break above the structure.
GBPNOK AnalysisBuying opportunity on GBPNOK. Waiting for a clear breakout and retest, then we will enter for buy
GBPNOK where to sell? 🦐The market has recently broke the weekly structure in red and now is just retesting it.
Price has been pushed below few times by the EMA.
According to our strategy we can set a nice short order.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
GBPNOK Sell SignalPattern: Channel Down.
Signal: Bearish as the price is below the 1W MA20.
Target: 11.1000 (potential contact with the 7 year Higher Lows trend-line).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Previous GBPNOK signal:
GBPNOK JUNE 1-5FOLLOWING LAST WEEKS DOWNTREND
WAITING FOR RECTANGLE TO BREAK OUT OF CONSOLIDATION
4 HR FULL BEARISH CLOSURE BELOW 11.94389 CONSOLIDATION, ENTER SHORT
