EURNOK trade ideas
EURNOK bullish ABCDBullish ABCD pattern for EURNOK. Stop and target levels were given in chart. Good luck..
EURNOK Neutral TakeWill be using both Key Resistance and Support to enter the market, if price fails to enter any region and include a confident reason to enter, then we will not enter.
EURNOK - Elliot Wave patternPrice completed ABC wave. Now we're in the abcde corrective wave. Looking for price to react off descending trendline
EURNOK short ideaDaily : brake of the ascending trendline
2H : brake of triangle
Waiting for a correction to fiblevls/TL
EUR/NOK LONG NICE VALID BULLISH HARMONIC SITTING ON MAJOR DEMAND ZONE WAY OVERSOLD WAITING ON POSSIBLE RETEST TO ENTER LONG..
EURNOK Short IdeaLast week finally closed out with a breakout of Price is Major Uptrend Channel. Will be waiting for an exhaustion after price plummets bearish, Fibonacci retracement and Extension will be key in this trading idea with the 38% lining up with our retest of breakout trendline and showing a major continuation in bearish trend.
BUY CHANCEENTRY TO BUY = IF THE BLUE ZONE IS BROKEN UP
TP1&TP2 IS SHOWN IN FIG
SL = BELOW THE BLUE ZONE
EURNOK Buy SignalPattern: 1W Rising Wedge.
Signal: Bullish as the price made a Higher Low and bounced on the 1D MA50.
Target: 10.300 and 10.400 in extension (greater risk though as the 1D RSI is on a bearish divergence).
EURNOK - Euro / Norwegian Krone - H4 - Fib RetracementHello Community,
here is my long idea...
1. UP TREND
2. FIRST (Fib Retracement 50% - 62%)
3. SECOND (Fib Retracement 50% - 62%)
4. MY ORDER
best regards
Euro trying to break resistance against Norwegian kroneThe Euro has rocketed higher during the trading session against the Norwegian krone, reaching towards the 10.20 NOK level. This is an area where we have seen selling previously, so it would not be a huge surprise to see resistance in this pair at this level again. However, if we can clear the 10.20 NOK level, the market is very likely to go towards the 10.30 NOK level, which was the recent highs.
The 50 day EMA is starting to show signs of being dynamic support, and as a result it’s important to pay attention to it. With this, I believe that there is a bit of a “floor” at the psychologically important 10 NOK level, an area that had been very resistive previously, and is now offering support based upon “market memory” and of course the psychological importance of that figure. At this point in time, the market is going to be moving with oil as well as risk. The “riskier” the global situation is, the more likely this pair is to go higher. If oil rises, then that could put downward pressure on this market, depending on how strong and whether it can break above the $60 a barrel level. At this point, it looks very likely to continue pushing higher, but keep in mind that the OPEC meeting this week could throw a bit of a monkey wrench into the situation when it comes to the petroleum influence. With that, I believe that this market remains bullish, but a short-term pullback may be necessary in order to build up the necessary momentum to finally break higher and reach towards the recent highs again. A breakdown below the 10 NOK level would be extraordinarily negative, and as a result sellers would more than likely come in and push this pair down to the 9.85 NOK level, an area that was supportive in the past.
EUR/NOK LONG POSTION 4H TIMFRAMEAnother setup that I’m sharing, this time on EUR/NOK.
You can see that this pair has just broke the last resistance levels.
I took the Fibonacci from the low to the high and now wait for the pall down to get me on the trade.
In my opinion really string SETUP that we all should look and wait for next week.
Hope you find it very useful please make your own analysis and write your comment below.
Thanks :)
EURNOK Weekly Analisys Price is forming a very nice high timeframe set up for a possible swing where price is sittin on a strong weekly ascendign TL and the last two days prioce has rejected the Mp of 2x 38% that confirms a possible sell but befoire going short i must wait and see if price can close below that TL and current daily structure or in case price close above 10.1350 we might look for a swing buy on this pair
SELL CHANCEENTRY TO SELL = IF THE BLUE ZONE IS BROKEN DOWN
TP IS SHOWN IN FIG
SL = ABOVE THE BLUE ZONE
EUR/NOK Price Action Study For study and educational purposes of price action. Price reached an all time high in late October, and pulled back/sold to the point noted within the ascending channel. Price action study for possible continuation back towards previous recent high and possibly higher. Studying Price action at noted zones for movement towards higher highs or either exhaustion of bullish momentum and subsequent drop, in accordance with ascending wedge structure. I am more inclined to think we will see a continuation up towards the most recent high before a drop further. However, study of price action will tell.
