EurNok showing weakness after a strong move up.FX:EURNOK
Entry Price: 9.513
Stop loss: 9.543
Take Profit: 9.405
EURNOK trade ideas
EUR/NOK is getting ready for the next impulse on weekly chart!!!This is a long term trade (around 1-2 months)
I see some bullish signals on weekly chart and looking for a breakout from inclined resistance.
Buy-in zone:
9.22-9.50
Profit Targets:
9.738
10.2
Stop-loss:
9.12
Have a nice week,
Berk.
My long term view on EURNOKAlright, many of you are probably not trading norwegian krones but maybe this could be an idea on other trading pairs?
I'm currently short on EURNOK, but I think it will turn up in beginning of October:
Entry on a long position: 9.24NOK
When: 3. October 2018
Arguments:
- It is currently in a rising wedge and 4. wave is the next stop.
- This is confirmed by 0.618 fib level, Gann line (two of them are crossing in the same point!) and Gann arc.
- We see that the volume is rising within the rising wedge - a good sign on a further ascending period.
Forecast:
- Next stop will be 10.15NOK
- When: 25. June 2019
- Since this is a rising wedge it might drop after 25. June.
EUR-NOKAn interesting graphic situation on EUR-NOK 4-hour chart. It's likely a pullback on the blue trendline before an increase in the price up to the profit area at 9.5600/9.5700. Stop loss at 8.4390/8.4400.
EURNOK, 4H, AB=CDA really nice 1:1 AB=CD pattern was just completed on EURNOK 4h.
The only "warning" is the "fast" fall down to the D-point = Tight SL.
RSI is oversold as well but the more restrictive can wait for it to break up over 20 (or 30 for those who use that).
The risk is that you miss a large part of the movement. As always - your plan and what you have tested is what determines how you should
take a trade.
For that reason, that is according to My plan in these conditions, I only place 1 position in this case - ie. half the risk of a "normal" trade with 2 positions.
EURNOK intact down trendIntact Downntrend. Short on longterm. Long for trading the movement on shortterm.
EURNOK - Daily - Watch the closeTrade Alert
Keep monitoring the pair and especially today's close. If EURNOK stays below the bottom side of the wedge, then we could expect some further declines. A strong break of the 9.43 level could lead the pair towards the 9.38 area.
If the EURNOK remains inside of the wedge at the end of the day, then watch out for a possible retracement back to the upside. 9.53 level could be a good area to watch.
Don't forget your SL.
OPEN EURNOK daily tradeThe buy zone is between the the green and red lines. It's recommended to limit buy close to the green line, in order to guarantee the position. The red line is about 250 pips below the green line, and acts as the stop-loss level. There is no target price yet. This trade will be monitored once every evening. If there is no update, it means the trade is still active. Once the trade is closed successfully, a risk-to-reward ratio will be determined. This strategy only requires reviewing the price action trend once every day.
38.2% Retracement LONG GWAVE38.2% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
EURNOK longThe larger picture is obviously a more massive bearish movement, but over the next 2 to 3 weeks... a long setup is ok. Riding the retracement upwards in the interim as it is a significant move, and then inverting and getting into the short position once target reached.
EURNOK 4HR SHORT OPPORTUNITYTrade what we see:
Price is following a bearish channel with lower highs forming.
We have two support lines to work off, one formed on the 4hr chart and the second formed on the daily time frame.
A pin bar is forming now and I am waiting to setup this short position which has a great risk / reward ratio.
If this pair breaks out and we see a successful retest, then there will be a good long bias.
Weekly EURNOK - Potential Carry Trade IdeaEURNOK is setting up a low volatility breakout on the weekly chart.
This may be longer-term carry trading idea, but be sure to check
your rollover and spreads because it's an expensive pair to trade
and the volatility alone makes it troublesome.
38.2% Retracement LONG GWAVEGWAVE LONG, 38.2% Retracement .
FIB Retracement Percentage is calculated in Higher Dimension.
PLEASE WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
EUR/NOK 1H Chart: Long-term triangle dominatesThe EUR/NOK exchange rate has been constrained by a descending triangle which was formed in November, 2017. After testing the upper boundary of this long-term pattern early in May, the common European currency began depreciating against its Norwegian counterpart, thus reaching its bottom boundary at 9.47, likewise reinforced by the monthly S2, mid-yesterday.
It is likely that some downward pressure still prevails during the remaining part of this week, given that the pair might be pressured lower by the combined resistance of the 55-, 100– and 200-day SMAs near 9.60. However, the general price direction should nevertheless remain upwards in line with the prevailing triangle pattern, with its upper boundary being located at 9.65.
EURNOK - Daily - Wait for itTrade Alert
Wait for the break outside of the formation. It might take a while, so we could expect a stronger move on the way out.
This something for you to keep monitoring.
Don't forget your stops!
EurNOK will touch 9.75Hello everybody
I Think EurNok will touch 9.8
this analysis have good R/R
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