38.2% & POSSIBLE 61.8% Retracement LONG GWAVE38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
NOKGBP trade ideas
GBPNOK H&SI think I see an inverted H&S pattern, will play it while keeping an eye for a reversal for the bigger downward trend that is on the horizon finally.
38.2% Retracement LONG GWAVEGWAVE LONG, 38.2% Retracement .
FIB Retracement Percentage is calculated in Higher Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
Sell: GBPNOK, Doubletop and retest of resistance.I am going to sell it before the break of the Double top botton, but it would be good to only sell it after the break.
If you stick to my approach, I advise you that, if the price makes a return point at the botton of the Doubletop, buy it back and wait for the break.
We are going to lower our stoploss at any touch of the down trend line.
GBPNOK Trade SetupHello Traders!
GBPNOK has broken out and just retested the trendline with today's candle. It is a Good opportunity to short if you can handle the risk.. This is overall just an analysis rather than a trade because it is not worth taking..
GBPNOK 4HUsually don't trade exotic pairs, but here I see a nice potential opportunity. Price is sitting on broken resistance now turned support, rejecting the 200 EMA & is in consolidation. Will be watching for a break back below or bounce back to the top of the range & potential breakout of the top for uptrend continuation. Lets observe how it plays out there is a good amount of pound news this week
Correction GBPNOK educationalHello Traders,
Correction in a channel/triangle for wave b or x
Your reflection and contribution to this thought analysis are highly honored.
Thank you.
GBP/NOK Covering this exotic pair by request .The Sterling expected to gain value as we notice its increase in value after Brexit. Expecting this pair to rally to the 12.369 Support level which if next weeks news happens to go in our favor we could be into some good selling / buying territories. Key levels for this week include 9.84 , 11.07, and 12.369.
GBPNOK short for 8/4Daily candle analysis suggests that GBPNOK is ready to make a move lower.
I will be accumulating short entries on the 15 minute time frame.
10 pip stops, 50 pip take profits for each entry.
Big move for GBPNOK this month?Monthly candle analysis suggests that this market may move lower this month. This is due to how price behaved around the 5 EMA in July as well as economic uncertainty keeping GBP weak.
This pair is now on my watch list for the month of August. I'll be watching the daily time frame for short signals. Once I get a signal on the daily, I'll move down to the 15 minute chart and try and catch the high of the day during London.
My goal is to "scalp" this month's potential movement, booking pips on the way down.
GBPNOK continues down to lower zoneGBPNOK just bounced off 286 and is set to resume course towards resistance zone as indicated.
GBP/NOK H4 Supply zoneprice in control of MN Supply zone with created very good H4 nested in Daily Supply zone.
When price will retrace back I think there will be bounce from that H4/D1 SZ at least 2:1.
