GBPNOKI am expecting GBPNOK to make a bearish move down to 13.27868 which is our initial take profit.
Gbpnoksignals
GBPNOK MULIT-TIMEFRAME ANALYSIS & TRADE - DAILY W & WEEKLY ICIHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/
Looking at Monthly we're about to have a cut for short on the EMAs, though we still have a bullish due to MACD above 0. Also looking at Weekly we have an ICI, we already have the impulse and the retracement up to the 0.50 of the fibonacci retracement.
Dropping down to the Daily we have a W pattern forming where we can see a retracement to the neckline or wick of the daily candle and a retest of the structure of previous resistance turns support.
Now on the 4H where we take our entry for the Buy on the neckline or wick of the W formation, though we still have a bullish momentum on this we will wait for the retracement before continuing its uptrend, stop loss is below the low and the take profit is at the fibonacci of the impulse of the W formation. Our entry for the Weekly ICI is on the 0.50 retracement where its also aligned with structure.
Trade Signals
BUY
Entry: 11.5815
Take Profit: 11.7230
Stop Loss: 11.5347
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SELL
Entry: 11.7225
Take Profit: 11.2265
Stop Loss: 11.8204
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER
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.
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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).
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Previous GBPNOK signal:
GBPNOK Double Target action planPattern: 1M Channel Up.
Signal: (A) Bullish towards the potential Double Top and (B) Bearish towards the 0.382 Fibonacci retracement.
Target: (A) 11.5200 and (B) 11.1600.
GBPNOK Sell SignalPattern: Rectangle on 1D.
Signal: Bearish after the price was rejected near the 1D Resistance.
Target: 11.0575 (top of the 1D Support Zone).
