Bearish Probabilities for USD/NOK: 88.89% 📉 Bearish arguments: - Monthly PCH respected. - Weekly FVG respected. - Weekly swing high swept. - Daily PCL disrespected. - Daily swing low disrespected. - Daily bullish FVG disrespected. - 4H FVG respected. - 4H swing low disrespected. - 4H swing high respected. 📈 Only one bullish argument: - Monthly PCL...
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...
In the context of a higher interest rate environment, the EUR/USD is trending towards recent highs. However, the USD was boosted by the Fed's speech yesterday, resulting in a sharp pullback in the EUR/USD. Currently, there is support at the previous retracement level, which is indicated by the black line in the chart. This support level is relatively strong and...
GBP/USD: The daily chart is sideways with a weak bullish bias, but the 4-hour chart is suppressed at the upper boundary, so the cycles are not resonating and the amplitude cannot emerge. Therefore, this low-frequency market appears. Regardless of how it operates, traders should take advantage of the fact that the daily chart temporarily does not support a sharp...
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!
FX_IDC:USDNOK 18 July 2022 TRADE PLAN PAIR: USDNOK BAR SIZE: Daily Looks like the pair is developing a CD leg of Bullish Cypher Pattern. Let's see how the plan plays out Disclaimer Charts are EDUCATIONAL, not INVESTMENT recommendation
USDNOK reached the top of the Price Channel and seems to move nice down again to the bottom of this channel. Using the 4H charts with Pivot Point SuperTrend and Price Channel. For more profitable ideas, like this idea and follow us!
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 recent rebound on strong support was promising for a reversal trend, but it is very tough. I still see a stronger Short position in a few days ahead. OANDA:USDNOK If you want my view about other currencies/stocks/ commodities, I will love to share my opinion with you. Just simply comment below. I always open to discussion. Disclaimer: This information...
Strong momentum down and a pause expect to go down if market brakes to the downside.
Everything is explained in the video. Enjoy
Dates in the future with the greatest probability for a price high or price low
Dates in the future with the greatest probability for a price high or price low
You 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.
Price is moving down with a potential target at 9.21483 level. If price breaks below the 9.19676 level, the next potential target would be to test the 9.17281 level.