GBPNOKI am expecting GBPNOK to make a bearish move down to 13.27868 which is our initial take profit.
GBPNOK trade ideas
GBPNOK - Bullish DivegenceTechnically the trend is bearish and a bearish flag might cross your eyes which is a bearish continuation pattern, but the divergence is wide enough to take over the trend. Sentimentally, the pair is expected to break its LH and move sideways and eventually in the upward direction. If it breaks moves upward it would surely be a win.
Unveiling Potential: Analyzing GBP/NOK Trade Opportunity
Here's a suggested description for the trade on GBP/NOK for TradingView:
Trade Analysis: GBP/NOK
Symbol: GBP/NOK
Entry Point: 13.30491
Tak Profit: 13.40941
Trade Summary:
The GBP/NOK pair presents an intriguing opportunity with a expected entry point again at 13.30491.The maximum value projection at 13.40941,
Careful risk management and vigilant observation are recommended throughout the trade duration.
As Always not financial advice, DYOR.
GBPNOK to retrace to 12.86 once more?I believe GBPNOK may retrace to 12.86 once more after getting close to important 2020 support/now resistance.
Possible retrace to 12.80 KronesLooking upwards, GBPNOK may start a downtrend to test the 12.80 area again.
Weekend ahead, spread and overnight gap might be dungerous here
gbp/NOKwe are above weekly and monthly levels! we can repeat the highlight of the year again! let's see if we can break through! long term trading
GBPNOK - Support at 50 SMAPrevious support found at the 50 Moving Average and is indicating a possible Swing up.
Be prepared for a retest and failure and a continuation of recent down move to find next support level
GBPNOK - BULLISH TRENDGBPNOK was trending in a bearish trend with a long held bullish divergence. Divergence has been played and it has broken above the LH indicating start of new Bull Trend.
Gbpnok good shortI have selected eurnok short to 11.515 to 11.260 areas but I also predict gbpnok to sharply drop especially after the 7am today forecasts on retail which are expected to be down.
GBPNOK - In Bearish trendGBPNOK - After bearish trend market goes on accumulation phase and then break and again price goes down to print new LL at 12.89786 and move upward upto 12.98993 and print hanging man which signaled LH printed and price again goes down to break previous LL and may printed new Lower highs and lower lows.
GBPNOK - BullishA bearish trend seems to be weaker as bullish divergence on RSI is printing on GBPNOK 1 hour time frame, that's shows the possibility of trend reversal.
If previous LH breaks, I would suggest to take a long entry. that can be a good trade.
if you guys are agree to my idea, follow my trade plan.
trade safe!
GbpNok Above Monthly ResistanceThis pair ran up above Monthly Resistance.
I cant show everything in my mobile chart but this is at a sell area.
Please wait for a sell signal before pushing the sell button.
A good trend indicator will give you a good sell signal on the time frame you like to enter on.
This is a long term signal for me
GBPNOK - Bearish Harmonic Reversal PatternBearish Harmonic Rerversal Pattern on GBPNOK 1 hour time chart showing and good opportunity to enter a sell entry as per described trade plan.
GBPNOK - BearishBearish Flag Continuation Pattern indicating GBPNOK down trend on 1 hour time chart and can be a good long entry as per my suggested trade plan
GBPNOK - Rising Wedge Reversal PatternRising wedge reversal pattern is observed at GBPNOK 1 hour time chart and providing a short entry as per define trade plan.
GBPNOK 1H - Bull TrendAnalysis:
GBPNOK is currently in a bullish trend. If the price touches Fib level 0.38, then we can enter in a long trade. For this trade the stop loss will be at 12.55741 which is the previous higher low level.
------ Trade ------
Chart: GBPNOK
Type: Long
Entry: 12.72248
Stop Loss: 12.55741
TP1: 12.88755
TP2: 13.05262
GBPNOK - BULLISH TRENDGBPNOK Pair is bullish. probability of 02 scenario's one with strong up move if retraced to 0.382 level
GBPNOK SELLWith UK in recession and the raising OIL prices (NOK correlation) we get a great trade here.
Risk/Reward = 6
