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 trade ideas
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 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 Bull Market (September 14th 2022) Wait for a close above 11.6900 in considering a long position. Candlestick must close above 11.6900 in order to consider a long position.
Market conditions currently look good for a potential move upwards. Higher low formed at time mark 19:00 on 1H Time Frame.
GBPNOK LONG SETUPGBPNOK LONG SETUP
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- Oil drop due to slow down/recession in China
- Better than expected U.K earning
- Above TC red line and VWAP
- About to break the diagonal Resistance
- Cup & Handle formation
GBPNOKGBPNOK is ready to push up one more time
The buying pressure was so strong that GBPNOK could not reach the weekly demand imbalance as we would have wanted and expected. Trading is a waiting game and many times price will not retrace to the price levels you are looking to trade, that?s trading, we just can?t move the markets with the power of our minds!