NOKUSD trade ideas
Possible short position on USDNOKPrice has reached the weekly resistance with showing a strong divergence on weekly as well as 4 hour chart which indicates that there is a potential bearish movement on that. Besides, there is a head and shoulder pattern on the top of the structure. Right now, I am waiting for price to break the both neckline and the hourly structure and retesting of it (by correcting to the break out area) in order to confirm the downside movement.
Will update the idea if it reaches this point.
USD/NOK ShortNot a pair I trade very often but love the current set-ups on a few NOK pairs. Took this short off the bounce of the double top, could see a big downside, but as posted on the DXY will be watching how USD pairs play out so SL is now at breakeven, happy to take that rather than a loss.
If we do see a big pullback then I will simply look for a better entry.
SELL on Resistance zone on H4 timePlease support this idea with LIKE if you find it useful.
Entry Price: 9.26603
TP1: 9.15344
SL : 9.31976
Reason: It is strong Support zone and trend line.
hank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. FX:USDNOK
Usd nok inverse weekly & Copper Copper short & Crude Oil short by Usd nok Inverse weekly fractal study . error in chart : no cg1! but hg1!
USDNOK ReversalThis pair is moving in the direction where we can attempt to capture a Short Trade off of, using a tight stop loss using our historical price range. Some can wait for Candlestick readings but the previous wick in this area of local resistance tells us that there is a possibility that price can reject this zone, if not then no harm done with proper risk management.
USD NOK might continue higher to test channel top..Price has continued moving higher since test of bottom of channel , we might see move higher towards test of channel top line, as price is making new highs in 4hr chart we will remain long till reversal pattern is not formed ....
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USDNOK idea short and longUSDNOK idea short and long
I expect a correction and the continuation of the buul trend to the upper line of the channel.
USDNOK TESTING SUPPORT. QUICK DAY TRADEI am going long on USDNOK. On the 1 hour chart price is testing a support area with 2 doji candles. I will be targeting previous resistance.
USDNOK DRESISTANCE HIT ON USDKRONE FOR A POSSIBLE SELL LOOMING check my analysis on INDEX:DXY we predict fall of Dollar. kindly like comment and share the analysis. Thanks
big short! but not yet...this play will take patience i predict we get a fakeout breakout on the top trendline and top off around 9.35-9.40 then we could see a drop back to low 9s. glta
Short the HUGE optimism in USDNOK After selling off in December, NOK has been the worst-performing currency in the G10 space.
There has been a huge upwards move in USDNOK without any meaningful correction, so this is a pretty good opportunity to open a short position with a wide stop-loss.
USDNOK Sell Swing FEB Week1Hi All ,
Another swing trade for Feb Week 1. Entry is market excution @9.28858 & Sl @9.29999 tp 1 8.80000
Many Thanks
USDNOK Double TopWaiting on Price Action to Break Below therefore needing to retrace to its previous level that was broken (minor swap level). Proper Candlestick pattern will Confirm entry to the downside.
FX:USDNOK Macro Outlook, Analysis & Market CommentaryTraders & Investors!
The Norwegian krone currently offers the prospect of serious value as markets fail to price solid economic performance against the backdrop of hawkish monetary stimulus. Reasons currently include discounts in exportation pricing due to selloff's in Oil, Natural Gas & Salmon prices. We remain optimistic on a rebound in these markets and as such a flow on effect to bids in the NOK.
From a technical perspective we begin building into our short bias initially by fading highs and progressively building into our extension targets of KR9.50xx. An impulsive shift lower and break of the ascending channel and strong conviction through the 200DMA should see a move into our macro targets of KR8.50xx where buyside liquidity currently sits.
Views on US Dollar Positioning
We begin loading into sellside exposure across both our macro and directional portfolios.
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