GBPNOK 24/02/2022Monthly:
-Price is moving in between two monthly levels.
Weekly:
-Bullish M pattern.
Daily:
-Bullish M pattern.
-IC.
4H:
-Inverse H&S pattern.
GBPNOK trade ideas
GBPNOK Target Price 12.41918GBPNOK price closed above 12.14499. Price retested 12.14499 level. Take Profit at 12.41918.
GBPNOK!For us, that looks like a buy setup, We will wait upon, buy confirmation entries before getting in.
The flat corrective pattern could usher in more buying to come.
Trade with care use a stop loss.
gbpnok bearish setup selling<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
gbpnok bullish setup looking for buys in this pair >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
GBP/NOK for Long! The chart looks really good, the buyer has strength on the upside and is not loosing it inside the range. The seller however, looses his strength with every touch of the top of the range. Right now the price is good and it is making a mini range on the 1H chart. If this range holds, there could be a possibility for a long continuation after the upcomming GBP Manufacturing CPI news, which are expected to be better than before. However, my risk here is reduced and Sl and TP will be more conservative.
Management around the news needs to be extra careful, because spikes are a possibility! Crude Oil Inventories are coming up later today, but they might not affect this as much.
This is not a financial advice, this is just my analysis, based on price action and my knowledge of the markets. You make investment decisions at your own risk!
GBPNOK MULIT-TIMEFRAME ANALYSIS & TRADE - DAILY W & WEEKLY ICIHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/
Looking at Monthly we're about to have a cut for short on the EMAs, though we still have a bullish due to MACD above 0. Also looking at Weekly we have an ICI, we already have the impulse and the retracement up to the 0.50 of the fibonacci retracement.
Dropping down to the Daily we have a W pattern forming where we can see a retracement to the neckline or wick of the daily candle and a retest of the structure of previous resistance turns support.
Now on the 4H where we take our entry for the Buy on the neckline or wick of the W formation, though we still have a bullish momentum on this we will wait for the retracement before continuing its uptrend, stop loss is below the low and the take profit is at the fibonacci of the impulse of the W formation. Our entry for the Weekly ICI is on the 0.50 retracement where its also aligned with structure.
Trade Signals
BUY
Entry: 11.5815
Take Profit: 11.7230
Stop Loss: 11.5347
===================
SELL
Entry: 11.7225
Take Profit: 11.2265
Stop Loss: 11.8204
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER
GBP/NOK Nice risk entry opportunity. By looking at the big time frame, it shows nice uptrend with strong horizontal and dynamic resistances. Also, looks like it just broke the triangle pattern and doing a pullback.
GBPNOK!We can see a bull corrective pattern that could lead to a sharp upmove
Low risk setup.
Trade with care use a stop loss.
GBPNOK Buy OppotunityGBPNOK at fib 61 touching the Ascending Trendline after breaking previous desending trend line
GBPNOK 22-08-2021Monthly:
-W formation pattern.
-Monthly high.
Weekly:
-Expecting a big move to the downside based on what happened last time price rejected the same zone.
Daily:
-H&S pattern.
4H:
-H&S pattern.
GBPNOK Target Price 12.36015GBPNOK Horizontal Support Resistance, EMA 10 EMA 20, Trend, and Pin Bar Strategy.
GBPNOK rotation, double bottom to longI'm checking the situation on GBPNOK for few weeks and things are finally happening. I see a nice opportunity from weekly and monthly timeframes to end that descending triangle and break out from it back to the bullmarket, lower timeframes just confirms that! I'll wait for singnal to buy in that green reaction zone and specially on level 11.5621 which got the biggest volume. If something interesting will happen, my stop loss would be 11.4297, so i think we'll go up next week probably from saturday, but without a right reaction on levels there's no trade so be parioent and stick to the plan! Wish u good luck!
