USDNOK
USD/NOK daily perspective after a huge impulse the price has corrected to 0.5 Fibo and showing good respect to this level, and for now it seems pretty logical and obvious, that the price has to close the shadow and test the neckline. long.
Update on USDNOKPossible long trade opportunity on this pair.
Wait for a higher high, aswell as for the resistance at 10.692 getting broken.
If a uptrend is confirmed in your trading system, the first price target should be 10.911, the second 11.224.
Stop Loss is at 10.385.
Thanks for Reading :)
USDNOKPossible Breakout Trade.
Wait for Confirmation, maybe consolidating a bit more.
Kumo Cloud acts as major resistance here.
Don't trade inside the Kumo Cloud.
Usd/Nok Long up the resistanceUsd/Nok can grow if breaks the actual resistance.
Buy limits are displayed on the chart.
U.S. DOLLAR / NORWEGIAN KRONE (USDNOK) DailyDates in the future with the greatest probability for a price high or price low
U.S. DOLLAR / NORWEGIAN KRONE (USDNOK) WeeklyDates in the future with the greatest probability for a price high or price low
U.S. DOLLAR / NORWEGIAN KRONE (USDNOK) MonthlyDates in the future with the greatest probability for a price high or price low
Breaking downYou could argue a triangle here. Looks like it's slowing momentum, and loosing smaller tf support.
Be carefull tho. No significant tf support beeing tested yet.
USDNOK | What next? USDNOK are in wave 4 - the most complex and uncertain. Can just buy from support levels
USDNOK sell at least till retracementBoth times retraced to fib 0.618 which means even if wants to complete daily elliot, it should first normalized to fib 0.618 as a rule of tomb. I want call this strong sell!
Short as US cuts its rateNon stop hike might come to an end with double top on USDNOK and as virus hits the US hard. Rates are almost 0 and on National Emergency it is certain that Dollar will lose its strength. Any ideas are welcome. Thanks
