EURNOK trade ideas
Waiting sell signal on EURNOKThe EURNOK shows that is it on a downtrend on daily timeframe
Therefore I am expecting it to touch the outer trendlin since the inner trendline has been broken meaning it is going to re-test on the resistance
zone at 1.74046 and should make a touch on the outer trendline.
EUR/NOK_H4_4/27/2019H4
bullish engulfing on weekly timeframe
tendency is up
tested supply zone ahead
and a fresh supply zone
forexTrdr EURNOK- NOK THAT PAIR BACK DOWN FROM EXTREME LEVELSMorning traders,
This morning we have had the Swedish central bank come out and delay interest rate rises with market now pricing no rise until early 2020 (from mid 2019). This has had a secondary effect on the Norwegian Krona leading to a 700 pips drop versus the Euro. We are looking to capitalise on this move into extreme overbought territory and looking for a pull back into the previous trading range of 9.55 to 9.60.
The spike bounced off of resistance levels dating back to early 2019 and forming a descending trendline from previous high levels in April and early February as shown in our Trading View charts.
Simple clean trade on event driven news.
As always this is not a trade recommendation and simply technical observation.
Good luck trading
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings
Eur/Nok Swing Sell Hi All ,
Opening My 6th Swing Trade on this pair .
Price broke down major support level on M1 . Wait for the retest of previous Resistance turned support and enter your swing sell position .
For more information , Please contact me .
Many Thanks.
EURNOK - BuyWe have spotted a long term uptrend about to test the support line, looking to buy as long as support is not broken.
EURNOK - short on economic surprise differentialFundamentals:
-EU: eco slowdown continues, underpinned by ECB
-NOR: inflation picking up, central bank will further hike this year -> carry trade
-NOK gained even under risk-off sentiment
-CitiBank Eco Surprise Index (1mo) differential: -53.9 vs +53.6 in favor of NOK
EUR/NOK_H4_3/25/2019H4
potential head & shoulders
200 MA resistance on H1 timeframe
Tendency is upward
EUR/NOK_DAILY_3/25/2019DAILY
descending triangle
support at 9.64239
initial resistance at 9.70427
price above 200 MA
EUR/NOKH4
downtrend
possible bounce from the demand zone
bullish divergence
below 200 MA
trade idea - long
entry at 9.71108
TP at 9.78747 to 9.82278
stop at 9.69645
EUR/NOK_DAILY A
DAILY
sideways/downtrend
above 200 MA
initial support at 9.64430
possible triple bottom
RSI support at 34
EURNOK buy setup H1EURNOK buy setup H1
RSI divergence with possible formation of bullish shark pattern at support trend line. For a buy at 9.68653 , TP at 9.7498 and SL at 9.6564 you get a RR ratio of 2.11
