waiting and watching I am pretty sure NOK is way over priced right now as Oil found some ground and NOK will be rebound soon
NOKGBP trade ideas
GBPNOK!Price is trapped within the channel, the next wave will be downside, big wave it will be problem is when...
Trade with care..Trading this aint easy, u need some experience with managing risk...
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
GBPNOK SHORTPrice has broken out of the first triangle, second triangle not indicated in this case. Looking for a pull back into the green zone to go short. Over 2000 pips potential
GBP/NOK Cup & Handle Possible Cup & Handle, which is a very strong continuation pattern, so far price has failed to make a lower low and has found support at 11.5000, upon retesting the recent high it failed to break above resistance and pulled back to 11.9000 where there seems to be some support. If support at 11.9000 holds, we could see price make another attempt at breaking the high of 12.2000, a successful breakout would result in the completion of the Cup & Pattern. Therefore, a buy entry upon retesting the breakout would be justifiable.
GBPNOK - forceful move off of TD9 resistanceGBPNOK looks like it will continue up to the monthly target.
This chart is just for fun, trade at your own risk
GBPNOKFOREXCOM:GBPNOK
I will continue to post thought -out analysis.
1) The outcome candle (purple candle) liquidity grab on a retail pattern printed by smart money.
2)Outcome candle falls between the green zone (.786 - .886 Fib levels from the weekly bearish candle)
3)Take profits below a retail support level
4) 8:1 ratio trade
GBPNOK Inverted Hammer prints on Weekly Chart. Swing TradeJust like my USDNOK trade price here on the GBPNOK is now testing support which was a level that was previous resistance back in May then price broke through. I will be going Long on this pair, with a smaller lot size but I will be holding this for a few weeks. If price closes on the weekly chart below support at about 11.4500 then I will close my trade but not looking to cash in on this pair anytime soon. Will probably hold it for a month or so.
GBPNOK LONGPrice has been on a consistent uptrend on all timeframes leaving me inclined to want to buy. On the daily tf you see price bounce off the 200 EMA and break free of a key resistance. In order for me to enter this trade, i'd like to see price retrace the broken zone before buying.
GBPNOK POTENTIAL BUY AREA DEDECTEDLooking at the chart, we can see a potential buy area between: 11.69574 / 11.49545, with a SL below: 11.49545 and a TP#1 area between 12.11154 / 12.02787 where I recommend closing 50% of your initial tradesize to give the TP#2 area "air to breave" and give you potentially more gains in the area between: 12.41046 / 12.27109
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GBP/NOKTrade Idea, Please do not take as your trade idea we hold positions for longer time period and also hedge against them.
GBPNOK 6 DEC Shorting soon!I saw some resistance/support levels and a big dynamic resistance, so we can short soon...
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GBPNOK ShortHello Traders.
Daily shown multiple failed attempts to break resistance, now correcting. Targeting support.
Target 2 is the main target.
Good luck traders
GBP/NOKJust an idea, the market is always right and the sooner you get that and take ego and emotions of it the better for you
GBPNOK Short Doji At ResistanceI unfortunately got into this a little too late but still a good trade opportunity. Doji formed at resistance on the Daily chart so I will be shorting this pair and targeting previous support.
