On the monthly charts we have a confirmed bearish trend with a bullish correction in play. On the weekly charts we have a shift in order flow confirming our bearish bias though its a long term view. We have an impulsive bearish move that has necessitated a bullish correction to clear previous disequilibrium. The break in daily structure confirms shift in order...
A failure to break the former high and a shift in orderflow from bullish to bearish informs our sell limit set ups. Presently we have a change of character and a break of structure. We anticipate a minor bullish correction to activate our sell limit orders at 11.16 price handle.
Follow the signal and remember to come to the base to contact me. I have always focused on real-time trading signals. Don't blindly follow trends.
Pair: USDNOK Entry: 10.46195 Stop Loss: 10.67581 (above fair value gap) Take Profit: 9.69620 Risk-to-Reward: 3.63 Strategy: Selling USDNOK as a short opportunity. Explanation: The decision to sell USDNOK is based on the anticipation of a potential decline in the exchange rate. Here are a few reasons why this is considered a short opportunity: Fair Value Gap:...
Also on the weekly chart, it bears downwards. I think we will have a real bearish rally.
Perhaps it is time for a sharp correction. I think so. Let's play!
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!
There is a history of ranging before breaking down in this pair. See how it was ranging between 8.6450 and 8.3800 for several weeks before it broke below. Now we have something similar and despite multiple attempts during the past 6 weeks, this pair has been unable to close above 8.3800. This pair has clearly been on a strong bearish trend since Nov. and I don’t...
The Norwegian Kroner continues to strengthen against the U.S Dollar. Higher Crude Oil prices are increasing the demand for the commodity-linked Norwegian Krone. The Dollar is weaker due to lower interest rates and the negative balance in the U.S Current account. In the video we look at selling the exchange rate, with take profit targets, stop loss, and entry...
We have a sell set up for the USD/NOK as higher oil prices support the commodity-linked Norwegian Krone. We look at entry price, stop loss strategies using volatility analysis.
We have a short sell set up for USD/NOK as the U.S Dollars have haven demand decreases as equity markets push higher.
ON A SELL TREND..WE LOOKING FOR POSSIBLE SELLING POINTS
Dates in the future with the greatest probability for a price high or price low
Both 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!