EURNOK weekly overviewI know that it's not a popular pair, but maybe somebody is interested in.
It seems we are near the next move down, so if it breaks, no doubt to sell and wait several weeks for big profit.
EURNOK trade ideas
long opportunitywe have two reasons to go long , historical uptrend and the the price hit the trendline last week and created buy signal..just find an entry point on lower time frame ..good luck
EURNOK Short Based on some fundamentals the NOK is strong at present 1.5% 1M Change and the EUR more weaker 0.5% 1 Month Change i have added in some technical to short the EURNOK.
First TP is at the Pivot 9.01414 but i will be watching 9.05158 38.2% Retracement from 4 Week Low as it could change back to the upside here.
Further target if all red point are clear below final target would be 8.95804 1st level pivot support
Nice run, but consolidation comes. Cover shorts, resell higherPlease track back this trade idea! This was my best trade in 2016! Held and built position for more than 6 months.
Weekly:
- Ichimoku is turning bearish, but price reached long term trendline support.
- Heikin-Ashi has been nice bearish for weeks with strong momentum, but haDelta reached an extreme low. Consolidation is possible at first resistance, especially that price is also bit fr below Kijun now.
- EWO is bearish, but reached extreme low.
Daily:
- Bearish Ichimoku setup with supports at 9,13 and 9,20+.
- Heikin-Ashi signals start of consolidation/pull back.
- EWO is bearish, but we'll see either a small wave up, or some sideaway.
- Cover shorts for now, try to resell in 9,11 - 9,14 zone (in case of a sell signal)
EURNOK: Rsi Oversold + Diversion + Pattern + Wait for PA = LONG YOUR LIKE MATTERS : Give it a like if this has helped you in any way , follow for more ideas and daily updates.
PA: PRICE ACTION
EURNOK ShortExpecting a pull back during the early weeks of the month in order to shake off sellers who got it right and gather buyers to pay for the move down.
If pending order is not picked up by 1659 U T C -4 on Monday, October 31st, then the order will cancel.
EURNOK seems to be a good sell oportunityI'm a little late with posting, but I think this is a nice setup. I believe it will get more impulse down.
EURNOK ShortRed line = stop
Blue line = entry
Green line = take profit target
Order expires by close of US session 9/30/2016
EURNOK ShortRed line = stop
Blue line = entry
Green line = take profit target
Order expires at 1230 EDT
It's a NOK-On! EURNOK is trading at some interesting levels, if the breaks key levels; I will be a seller.
Tilt to the downside after better regional survey dataWeekly - No change:
- neutral, with bearih bias ahead
- for H&S validations mkt should clear and close below 9,20
Daily:
- consolidation below Kijun Sen. Lower high. Kijun holds nicely.
- haDelta crosses below its SMA3, haOscillator may turn down
- EWO is bearish
I still prefer overweight NOK in portfolios, as this ccy has the best relative value in G10. I just increased shorts.
They have serious pick up in inflation, macro datas recently beat, just like the Regional Survey today! Country virtually has no debt, rating is "AAA" (and it is a real AAA :-) , and instead of consuming their future, they invest into their future!
Carry of short EURNOK position is small positive too.
(1h) Bearish Shark @ 224% extension confluence with 618% retraceFX_IDC:EURNOK
At Divergence...
Safe Trades;
EURNOK: HnS TOP. TARGETING KEY ZONEDAILY:
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Let's see if catches momentum. Hold shorts, trail stops!If you read my Twitter posts, you saw I sold more EURNOK yesterday.
It looks like all bearish supports hold nicely, and finally it may get some momentum to hit first target around 9,00 +/- within next couple of weeks.
Weekly:
- Ichimoku is neutral (everything is locaed in spot Kumo cloud), with bearish bias ahead (bearish Kumo twist 26 weeks ahead is firming slowly)
- Increasing chance for validation of Head & Shoulders pattern, which would be very bearish, with possible target to 8,45 later.
- MACD is bearish, both lines are below zero
- EWO is bearish, maybe it will show some momentum gain soon.
- Heikin-Ashi may gove a weekly sell signal: haDelta/SMA3 bearish cross below zero.
Daily:
- Ichimoku has bearish setup with clear supports at 9,32-9,36 range. Averages all point down. Actually the 9,32+ support held very nicely last week.
- Heikin-Ashi sell signal was obvious from bearish support. Long doji candle with haDelt quantification gave the early warning for bearish continuation two days ago. Last two candles and haOscillator confirm. 9,15 local low is in focus now
Strategy: hold 1,5-2 unit shorts. Trail strategic stops to 9,39-9,41 from previous 9,45-9,47 area. We may lighten up position a bit around 9,00 if we get there.
#EURNOK chart signalling a sellChart say it all. Upward price momentum has ebbed and could expect sellers to dominate once price breaks 9.20.
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