EURNOK trade ideas
EUR/NOK in wave 1 of 3 or CFX:EURNOK
1- Leading diagona completed.
2- Wave 2 find resistance at 78% Fib retracment.
3- Bearish Candlestick pattern on daily/weekly
4- Stochastic Overbought
Sell at current price,
SL: 9.5790
TP: 8.
EURNOK buy setup.Hi traders,
Keep an eye on this one for upside. I am expecting a breakout of resistance, to the upside.
Price could break structure and go right to the highs in one impulsive leg. Alternatively, it could break structure, and retest the resistance as support, before the next big up move.
Best regards,
Tom_Killick
EURNOK buy at retracementBuying at channel retracement x fib retracement. Minimal stop loss. Great risk.
EurNok LongBased off Rsi Stoch BB pivots Past support and high percent change in recent times. watch for high spread and use 2:1 RR as shown
EURNOK - A BIT OVERBOUGHTHey Guys,
So like the other EUR strength lately, this pair is overbought and will be seeing some retracement in the coming weeks. I'm short to 9.25566.
Cheers!
AW
EURNOK SHORTCypher over cypher over cypher. Looks like a big down trend incoming for me. Good luck everyone.
eur nok short looking to short the eur nok from a neckline break of this possible shs ..also divergence in play..
at the moment we are hovering around at a daily trendline...
a violent move higher will invalid the set up
Confirm weekly viewThis can confirm our weekly view on this pair. Lets take a position and see what happens. Good luck
Golden opportunity?Golden opportunity to shot nok on the long term? It looks valid. Lets give it a try
Care your longs, consolidation and pull back is possibleWhile I precisely saw the major bullish divergence around 8,85 low, I missed this bullish reversal and breakout trade. (I traded EURCAD long instead). But some people may still have bullish position, so I thought I share my view and a few warning signals.
Daily:
- Ichimoku is bullish. In fact it is "too bullish", price is far above 9,0150 equilibrium, marked by Kijun and forward Senkou B -> overbought condition, market should consolidate and let averages catch up, or pull back a bit towards equilibrium.
- Heikin-Ashi is bullish, but it's already clear that haDelta and haOscillator have started to build some short term negative divergence. haOscillator is below central line.
- Possible short term bearish wedge pattern is forming, as the price increase was very agressive from the lows.
- EWO is bullish, but it might print a double top in value
- MACD is bullish, with lines slowly converging
4H:
No more additional info here, just to see more precisely the supports:
9,1865 / 9,14 - 9,1560 / 9,10
Startegy: If you are long, sell covered calls and/or reduce some of your bullish exposure in 9,21-9,25 zone
