GBPNOK - BULLISH TRENDGBPNOK Pair is bullish. probability of 02 scenario's one with strong up move if retraced to 0.382 level
NOKGBP trade ideas
GBPNOK SELLWith UK in recession and the raising OIL prices (NOK correlation) we get a great trade here.
Risk/Reward = 6
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.
Goal: 960 Units (GBPNOK)First Target is 11.69 (R2).
11.59400 = R1
Trend Line Coordinate is (22-September-14 00.00, 11.60100)
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
GBPNOK $GBPNOK Initial ShortGBPNOK $GBPNOK Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
GBPNOK 12/06/2022Weekly:
* Inv H&S pattern
* IC
* Previous candle its alining
Daily:
* BM pattern
* IC
4H:
* BM pattern
* Inv H&S pattern
* IC
GBPNOK 12/06/2022Monthly:
-Price is in a monthly range.
-Expecting another touch of the top of the range.
Weekly:
-Bullish M pattern.
-IC.
Daily:
-Bullish M pattern.
-IC.
4H:
-Bullish M pattern.
-Inverse H&S pattern.
GBPNOK!This is amazing how price could range from 2020 todate.
Its a sign of massive down pour to come within a short timeframe of weeks or months.
Trade with care use a stop loss.
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!
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 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.
