EURNOK trade ideas
BUY CHANCEENTRY TO BUY = IF YOU SEE A REVERSAL PATTERN NEAR THE RED ZONE
TP IS SHOWN IN FIG
SL = BELOW THE RED ZONE
DO U AGREE WITH ME??!
Euro finding support against Norwegian kroneThe EUR/NOK pair is a bit exotic, but it does give an insight as to how the Euro is doing in relative strength against crude oil. After all, the Norwegian krone is highly susceptible to pricing of crude oil, so this is an interesting and informative commodity pair. Looking at this chart, the EUR/NOK pair has tested the 10.05 level which was previous resistance, and now looks to be supportive.
The 50 day EMA is currently just below the trading over the last couple of days and hanging about the 10.05 NOK level. At this point, it looks as if the market is trying to form an inverted hammer, so a break above the highs from the trading session on Friday could send this market back towards the highs at the 10.28 level. Alternately, if the market was to break down below the 10 NOK level, then the market reaches down to the 9.88 level where the 200 day EMA sits. That being said though, the market is very likely to continue to grind higher based upon the overall trend, unless of course the Euro breaks down against currencies around the world in general. One of the greatest barometers will be the EUR/USD pair, which although bearish, isn’t necessarily breaking apart. At the same time, we would need to see serious strength in the crude oil market which has been basically range bound for the last several months although quite a bit of volatility has accompanied that. At this point, this is a market that can be used to trade directly, or to get an idea as to how to trade the Euro in general, and even crude oil as there are so many different inflections in this chart by the various bits and pieces that go in to pricing it.
EURNOK Head and Shoulder After the EURNOK broke the neckline of the head and shoulders It may go to 9.95 area.
EURNOK short 1/3 size positionstop @ 10.35 target 10.02 the reason why I say 1/3 size position is because at these levels the risk to reward is simply not great and that is why we plan to take 3 more postions if the trade moves against us.
2nd 10.1950, 3rd 10.2250 and 4th @ 10.2650 which will give us a better risk to reward scenario.
EURNOK long positionHello to all
Today we’ll look at a currency pair EURNOK, now we have an amazing channel and we are at the lower border of this channel and for this reason I propose to consider buying this currency with a small sl.
Good trading to all.
LONG EUR/NOKW TREND UP,D1 TREND UP
BRAND NEW DZ H4 BROKEN DOWN TRENDLINE,>2:1
BUY AT THIS ZONE
WELCOME COMMENTS
EUR/NOK - H4 CHARTHi, today we are going to talk about EUR/NOK
We observe a H4, some important points. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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Bearish Crab and Cypher Patterns on EUR/NOKThe larger of the two patterns is a Crab Pattern.
The smaller one is a Cypher
eurnok short @ 10.1588stop @ 10.2850 target @ 10.0330 should the trade move against me 2nd position @ 10.1930
EURNOK STRONG SELL IS COMING SOONhello everyone, strong sell will come to EURNOK at the all time highs! trade safe and trade with care! also check lower time frame for entry! if price keep pushing higher be patient and wait for the right time. sell is here at least corrective sell!
