GBPNOK continues down to lower zoneGBPNOK just bounced off 286 and is set to resume course towards resistance zone as indicated.
NOKGBP trade ideas
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.
GBPNOK DAILY BULLISH CYPHER SET UPMY PREDICTION FOR THIS PAIR FOR THOSE WHO ARE PLANNING ON HOLDING LONG TERM. LET ME KNOW IF I AM RIGHT OR WRONG. THANKS
GBPNOK MONTHLY BULLISH GARTLY SETUPMY GBPNOK MONTHLY IDEA: IF THE PA RESPECTS THIS SET-UP, THIS WOULD BE AN OPPORTUNITY FOR THOSE WHO LIKE TO TRADE FOR LONG TERM. FOLLOW THIS PATTERN WITH SL IN PLACE, HOWEVER ENTRY FOR THIS PAIR IS AT D. I WOULD REALLY APPRECIATE YOUR VIEW ON THIS PAIR GUYS, THANKS
GBPNOK possible weakness building?Weak heads and shoulders pattern building and possibly going to be tested to the downside in the short term from further fundamental and technical weakness? 10.615 then 10.46 if it heads south. 10.864 support to the upside.
[GBPNOK] POTENTIAL SWING AND TRADING OPPORTUNITYGood morning Traders!
If the pair will develop our AB=CD pattern (bullish), we can try to take long position on pullback. Follow this analysis together with us!
Thank you for your support and trade with care!
GBP/NOKTechnical:
- The Pair has found resistance at the 61.8 Daily Fib (Price: 11.224) and slight support/testing the 38.2% Weekly Fib (Price: 10.989).
o Looks like it will break that support.
- Looking to open short after strong daily close under the 38.2 Fib and Enter a moderate Short
o For active traders, Stack.1 will be a close below the 50.0% Daily Fib (Price: 10.90)
Fundamental
- GBP: CPI (YoY) release Tuesday, 16/5/17
- GBP: Average Earning Index + Bonus (Wednesday, 17/5/17)
- GBP: Unemployment Rate (Wednesday, 17/5/17)
- GBP: Retail Sales (MoM) (Thursday, 18/5/17)
Announcement wise the GBP will lead the pack with some core economic data coming out which will definitely test those support levels.
(4h)Pull Back or a new Higher HighFX_IDC:GBPNOK
Fighting the previous Structure at this moment,check lower timeframe (blue line)
Safe Trades
GbpNok is a short below 10.20Below 10.20, it is suggested a short with final target at 9.60.
Long term trend is downwards. In the short term, pair is moving upwards. At current level, it is appropriate not to take any position, since direction is not clear. Below 10.20, downtrend is again in place.
