GBPNOK Target Price 12.36015GBPNOK Horizontal Support Resistance, EMA 10 EMA 20, Trend, and Pin Bar Strategy.
NOKGBP trade ideas
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!
GBPNOK 1H 120pip BUY for 24-26 March 2021Hello new trader here working on my TA pls comment and leave feedback on how I can improve.
Looks like GBPNOK could be buying today or tomorrow. I don't usually trade 1H so we'll see how it goes, this is simply a trade idea not a signal but the highlighted buy zone would be the ideal place to get in on this move. If you get in nice and early you could be looking at 120pips if it hits the upper accumulation trend channel which is possible as we have a bullish bias on the short + long term.
Stochastic and macd indicators are both low, SOTW ( shark out the water) is the name I give it when stoch breaks down through to 20 or 80 dashed lines, it indicates a strong buy is overdue, especially on an uptrend. Macd is usually better suited for longer time frames but we're gonna trust it here as the hidden bullish divergence seems legit - same story with stochastic. Price broke the uptrend orange line and is now below it, hoping to see a retest and break in this buy so I would set TP on the line and break even when this is hit. 30 - 40 pip stop loss should be sufficient to dodge any stop hunts.
As always ensure you wait for confirmation before entering because fakeouts are common on gbp/xxx
Hopefully this is a winner
Vince / Vmoney
What goes up, must come downHi, this is Monday. I sincerely hope everyone has had a lovely weekend. What you see on my chart is nothing but the simple ABCD pattern. That's is all i trade. So basically you can say that i am a Fibonacci trader. This pattern is spotted on the monthly timeframe and i found an entry on the daily. As i took this trade on mt4 i went further into the 1H and 4H timeframe to refine my entry, but i won't be including any of that in this analysis in order to keep things simple. That's it
A bearish ABCD pattern. Let's see how it goes.
Enjoy your day. Let's not forget to comeback to see how it all plays out. Keep this at the back of your mind.
Thank you for reading.
Possible short in the marketAs on the daily TF, the overall trend indicates downwards. The setup comes with few confluences in my eyes,
1. Trnedline BO strong and Retest the trendline back with showing momentum of price in the short direction.
2. EMA-21, 50 crossover ensures
3. A head and shoulder pattern formed.
Let see how this pair performs.
GBPNOK: Entered at the break and retest of the bearish TL Buy
I expect price to to back to the PFH(peak formation high) so all trades must be closed there
🔺 Disclaimer! The content of this analysis is subject to change at any time without notice
🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions.
🔺 You must do your own research to create your own trading plan for the market.
GBPNOK possible shortGBPNOK market has failed to make a higher high on the daily and has now formed this head and shoulders pattern at weekly resistance, we are waiting to see a bearish impulse breaking and closing below this strong level of support then we will be waiting during the correction on the 4hr timeframe for market to first go and retest previous support which will then be turned resistance, then form new bearish structure during the correction... If we see the proper confirmations and all other rules are met we will take the short.
Don't miss this great buy opportunityBUY
DISCLAIMER
-The content of this analysis is subject to change at any time without notice
-It is provided for the sole purpose of assisting traders to make independent investment decisions
-You must do your own research to create your own trading plan for the market
GBPNOK intraday shortOn the daily timeframe market has formed a W formation, after a W you can expect the patternt to complete at the neckline as it does most of the time giving us a downside target... on the lower timeframes at the moment market is still bullish forming higher highs and higher lows. We are waiting for a break of trend and new bearish structure to form then we can look to short on the retest of broken support which will then be turned resistance.
