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NORWEGIAN KRONE / BRITISH POUND

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NOKGBP trade ideas

Quantitative Trading Group GbpNok AnalysisGbpNok Sell @ 12.70154 Tp: 11.9904 Sl: 13.0684 4 hourly time frame Our trading approach is solely based on a quantitative trading approach. We use a combination of momentum and reversal as part of the general strategy in quantitative finance to predict the net sellers and buyers in particular assets we trading. We are taking a sell on gbpnok on the H4 time frame as it has an accumulation of 5 net buyers with a quantitative power reversal commutative value of exactly 925. It is, however, difficult to illustrate this on this platform as it is restricted to technical tools.
Short
by MvPthequant
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.
by Knurd
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.
Long
by jvaledon