USDNOK Horizontal Support Levels, Dynamic Support Levels, Diagonal Support Levels
Hello traders! Today we will talk about USDNOK pair, its price action from technical point of view and wave structure from Elliott Wave perspective, as we see quite clear pattern. USDNOK made a five-wave bullish impulse from the lows, ideally as part of first leg (A), which has been followed by a three-wave A-B-C setback in wave (B). Well, now that is breaking...
USDNOK Sell opportunity on 2H this looks a great setup Enjoy..
The market continues its downward movement. I have designated the place, price and TP. I am waiting for the price to come back, the signal from the chart and the position to open
Many of our setups for this week on USD pairs are leaning more towards a bullish bias. As you can see on USDNOK, if you drew a Fibonacci from low to high off the daily time frame, you can see that price closed right around the 50.0 entry level of the Fib last week, so if you take this idea, feel free to set your stop loss level and expect to take profit around 9.6932 .
USDNOK Formed a double top structure on the daily timeframe and from there we saw a breakout of the neckline and yesterday the price retested the neckline. The daily candle close was a pinbar showing bears attempt to push the price lower. All this gave reasons to go short. What is your opinion on USDNOK?
Hi, price broke the ascending trendline and made a pullback... and now I think it's going down. Use proper money management!
USDNOK Entry Price 8.71538 Pin Bar Date Time and Price (x,y) (12-Aug-2021 at 16:00, 8.71538)
Trend Analysis The main view of this trade idea is on the 2-Hour. The fx cross USDNOK appears to have found support around the 8.7 price level, as the countertrend move in the currency appears to have ended. This produces an opportunity to go long USDNOK with initial resistance observed around 8.9, which can be an initial target for the fx cross. Technical...
The USD/NOK pair recently finished the upward move it began in mid May, which we previously traded successfully. The pair has now executed a bearish crossover and looks to retest lower levels such as 8.45 or even resume the prior secular downtrend. August is historically a bullish month for petroleum prices, which directly influence the NOK, so we should have a...
USDNOK is currently moving on an uptrend and has created a falling wedge, so it is showing us that it is definitely a strong Buy. It is definitely respecting its trend. ENTRY @ 8.85348 TP @ 8.89239 SL @ 8.83623 I do have a tight stop loss but if you want to make a few adjustments on it, feel free to! Happy Trading :)
Last update: YES! The bulls can turn the move up into momentum and we cross the resistance at NOK 8,72980. Now I see a 5-part movement within wave 3. USD / NOK should now come back in wave 4 in green up to a maximum of NOK 8,49547. I estimate the current correction as wave 4, which has room to reach the mentioned area.
YES! The bulls can turn the move up into momentum and we cross the resistance at NOK 8,72980. Now I see a 5-part movement within wave 3. USD / NOK should now come back in wave 4 in green up to a maximum of NOK 8,49547. I estimate the current correction as wave 4, which has room to reach the mentioned area.
for me its just a bounce, I hope again drop below 8.50 Maybe a reject coming very soon 📉 Short term bearish 📉 Long term bullish 📈
USDNOK Entry Price 8.68647 Measured Move Distance In Chart Below
The USDNOK pair has sure taken a beating lately. But there are signs that the trend may be changing to bullish. 1. The RLCO crossover occurred Friday suggesting a new upside trend. 2. The CMF shows bullish divergence (a higher level every time a similar level in price is achieved - notice, for example, May 13 vs May 21). 3. We've possibly made a triple bottom,...