EURNOK trade ideas
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
EURNOK is near the Support/Resistance Zone!We can look for accurate Buy entry above the Support/Resistance Zone.
The best trade will be after the false breakout and D1 candle will close above.
Potential profit will be 3 times bigger than the risk.
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Before to trade my ideas make your own analyze.
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Thanks for your support!
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.
