EURNOK trade ideas
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
Long EURNOKPrice is near demand zone around 10.03324-10.07569. If price shows enough bullish evidence to the upside, we go long with potential target at 10.23380. If price tests and breaks below 10.03324, we wait until price tests the 9.96883 level before going long.
EUR/NOK changes trendNorwegian Krone became quite overpriced and we see the change in trends for the short and midterm.
Entry: 9.86
Stop-Loss: 9.77
Target: 10.10
Have a nice week! Follow for more.
EURNOK-Head & Shoulders In The worksThis pair has just come off a multi-year high. Does it really make any sense since Norway is pretty solid on cash and Europe is a mess? With oil at support, I am going to short this right shoulder.
short EURNOKpotential H&S , resistance by the trendline, right head by 61,8 fib, MACD hidden divergence
2H long trade analysisIf price hits SL, it massive potential for a downtrend continuation is formed... we don't lose either way.
EURNOK: Buy opportunity on 1D MACD.The pair is trading within a long term 1M Channel Up (RSI = 53.878, MACD = 0.135, ADX = 43.274, Highs/Lows = 0.0000) since Q4 of 2017. At the moment the price seems to have found Support around the 1D MA200 (orange line) and withi the 1D MACD making a bullish cross over, is expected to rise.
According to a similar fractal in January 2018, the High of that spike could be around the 0.618 Fibonacci retracement level. We place our Target at 10.0700.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
"EURNOK: Top and Bottom Analysis" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Ascending Wedge.
- Price is on a correction.
- Price is against the Weekly Ascending Trendline.
- If price breaks it, it has potential to move down towards the Support Zone.
Weekly Vision:
Daily Vision:
EURNOK Buy Long To Weekly TargetLooking at the weekly time fram you see an M Formation.
I expect EURNOK to test the neck line again before going to the down side.
EURNOK and USDNOK SetupsEURNOK and USDNOK both been in a prolonged downtrend with multiple swings and we have reached an important support/flip zone on the daily chart.
Looking to see a reversal here and we already getting signs of trend exhaustion with a potential double bottom pattern and we could also create our first higher low swing here with a break above the highlighted zone.
A simple trade idea with good confluences. Await for the break and close to enter.
"EURNOK: first target reached" by ThinkingAntsOk4H Chart Explanation:
- Price was on a Ascending Wedge.
- It moved down towards the Weekly Ascending Channel after the wedge was broken.
- Bullish CCI could be indicating a correction.
- If price breaks the Ascending Channel, it has potential to move down towards the Support Zone.
Daily Vision:
Weekly Vision:
EURNOK LONG DAILYSo, based on my analysis we can expect EURNOK to go up, you see the TP´s as well as a SL recommendation.
EURNOK I expect this market to go back up and hit the 10.03630 or a little beyond it and the bounce down and hit 9.69782 price before rising
above 10.30 price. I used a gartley pattern to predict this move
