38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
NOKGBP trade ideas
ABC Pattern For GBPNOKTake Profit at 1.618 at D Point
Enter at C Point at 0.618
I am anticipating GBPNOK price to reverse near the 10.58673 price level.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
GBPNOK Breaks Out of Bear Trend!Hello Traders!
GBPNOK has broken out of the bearish channel, at this point, a lower degree correction is good reason to buy.
Target hit. Lower High made. Short continuation.TP = 10.5800 as the 1D Channel Down on GBPNOK marginally crossed the previous Lower Low. As you see it is now limited to the resisting line, making repetitive Lower Highs under this mark, hence the neutral RSI = 52.471, Highs/Lows = 0.0000. We have place a new short now with TP again = 10.5800 and if crossed extension to 10.5000.
Target hit. Channel Down continuation. Short.The previous TP = 10.68907 was hit and as expected the 1D Channel Down on GBPNOK (RSI = 41.174, ADX = 24.685) has continued lower on a more steady pace and controlled bands (MACD = -0.023, Highs/Lows = 0, B/BP = -0.0513). We continue to short, TP = 10.5800.
1D Channel Down. Short.GBPNOK is on a 1D Channel Down (RSI = 43.982, MACD = -0.036, Highs/Lows = 0, B/BP = -0.0375), and was just rejected on the soft Resistance (blue dotted line). 10.68907 is a strong 1D, 1W support and this is our TP. If it breaks then then downtrend will continue.
OPEN GBPNOK daily tradeThe buy zone is between the the green and red lines. It's recommended to limit buy close to the green line, in order to guarantee the position. The red line is about 250 pips below the green line, and acts as the stop-loss level. There is no target price yet. This trade will be monitored once every evening. If there is no update, it means the trade is still active. Once the trade is closed successfully, a risk-to-reward ratio will be determined. This strategy only requires reviewing the price action trend once every day.
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
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
