EURNOK trade ideas
EURNOK Closing triangle maintained for past 13 years can build a very good short position for the coming years but if it fails to break the resistance line it will go long for the coming years again. brace yourselves.
EURNOK can bounce from 2-Months High!EURNOK approaching to 2-Months High again.
It's a huge probability that it will bounce down.
Before to trade my ideas make your own analyze.
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EUR/NOK Divergence o Divergence on the RSI to price action
o M formation seems to be completing
o possible H&S formation
o take profits at fib levels
o stop loss identified
EURNOK is close to 2-Months High...EURNOK approaching to 2-Months High.
It's a huge probability that it will bounce down.
I will make an update when I'll open a Sell position.
efore to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write it in PM.
Thanks for your support!
EURNOKLast time we were at this level or rather zone. We had price reverse. We might see the sellers come in to take control.
EURNOK in resistance zone near all-time high (rising wedge)EUR/NOK has reached a resistance zone near the all-time high of 10.1573 + spread and may be in a rising wedge. It could be a good long-term short from here (over 10.06), as NOK have been raising interest rates this year (last on Sep 19th), now at 1.50%, due to a solid economy. I'm short from 10.06237 and 10.06587. A short with TP 2000 pips (9.862) SL 2000 pips (10.262) makes the TP within reach and the SL substantially above the all-time high, and if approaching the TP the stop could be moved to 80% of the current profit, and the TP pushed down - perhaps with a partial close performed at the TP level - it could go down to 8.794 if the rising wedge is real and broken or even much lower. Be careful - spreads are wide, pips are small and volatility can be high on this exotic pair! If you take a position (do your own analysis), I recommend very small positions held for the long-term.
EURNOK in resistance zone near all-time highEUR/NOK has reached a resistance zone near the all-time high of 10.1573 + spread. It could be a good long-term short from here (over 10.06), as NOK have been raising interest rates this year (last on Sep 19th), now at 1.50%, due to a solid economy. I'm short from 10.06237 and 10.06587. A short with TP 2000 pips (9.862) SL 2000 pips (10.262) makes the TP within reach and the SL substantially above the all-time high, and if approaching the TP the stop could be moved to 80% of the current profit, and the TP pushed down - perhaps with a partial close performed at the TP level. Be careful - spreads are wide, pips are small and volatility can be high on this exotic pair! Recommend very small positions held for the long-term.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
SELL CHANCEENTRY TO SELL = IF THE BLACK LINE IS BROKEN DOWN
TP IS SHOWN IN FIG
SL = ABOVE THE BLUE ZONE
Sell Chanceentry to sell = if the blue zone is broken down
tp is shown in fig
sl = above the blue zone
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1D EUR/NOK LONGI don't trade this pair much, but it has been in an uptrend for years. Trade with the trend as they say.
Buy Chanceentry to buy = if the red zone is broken up
tp is shown in fig
sl = below the red zone
To find ways to connect with me = come to private chat
EURNOK - what's going on here!?Hello guys, here is the market reaction during previous 0.25 bp rate hike by Norge bank. There was another 0.25 bp rate hike today and supported by last night 0.25 cut by FED and last week 0.10 bp by ECB, such behaviour makes no sense to me.
Opinions are welcome. I am staying short here, waiting as long as needed, but trying to understand Why ?
