USDNOK-LongI expect more upside for the pair, look the dxy for more confirmation. Theres a long term potential to the upside and a valid entry and high RR.
NOKUSD trade ideas
Bullish IdeaPrice is now oversold according to the indicators. Also seems to be a reversal with no BOS. We should see some upside
USDNOK - intraday longTrend continuation is expected after a pullback.
Watch the news some volatility is expected for the dollar.
USDNOk-Long-2024.03.25.Here is a more exotic pair than usual, technically and fundamentally looking good, as news come from usd we might see the volatility gives us the opportunity to take this trade on a good price.
USDNOK is in bullish trend in 2h time frameUSDNOK is in bullish trend in 2h time frame as it printing HH and HL..
Bearish OpportunitySeems like price has found resistance yet again at the top of the bearish trendline. 4h KC and Stoch seems to confirm a downward push.
Bearish oppertunityPrice seems to have formed a DT, Previous target to the downside was not met, so I had reentered at the top of the channel. 4h is still bearish and has some downward momentum. If my target is not met before Powell speech i will liquidate my position.
Bullish IdeaPrice seems to have found support, although overall trend is bearish on the 4h, price seems to be respecting the bullish 1h trendline. price is also sufficiently under EMA's for good entry.
USDNOK: Ascending Broadening Wedge Partial-Rise ConfirmationUSDNOK after giving what has been a very nice performance off of that Bullish Butterfly has now confirmed a Partial-Rise within the Ascending Broadening Wedge it has traded within and now sits just below the 21 and 200-day SMA. We would now expect a heightened chance of the price breaking down and hitting the measured move target down at 9.4 NOK, which so happens to align with the 0.618 Fibonacci retracement.
For reference this is the previous Bullish Setup on the USDNOK before it confirmed the Partial-Rise:
Possible sell oppertunityIt seems price has found some resistance after yesterday's CPI news. Might be forming a DT while touching the Keltner channel which in my opinion is confirmation. I have placed my target at the 50% fib as I doubt the downward momentum might not last long as we are still in an upward trend
USDNOK-SELL strategy 4 hourly chartIt went higher as expected, and if one did buy near the suggested price, that would have been a good one, or it is a good one. Now we are once again at the highs, and likely it may spill over little more upwards, so we select a SELL level again.
Strategy SELL @ 10.7575 - 10.8000 and place SL above 10.8350 and take profit @ 10.5575.
Possible LongSeems price has hit resistance and touched Keltner line. Price is also at the bottom of the bullish channel. I believe we should see a push up
USDNOK-BUY strategy 4-hourlyThe SELL strategy has worked out so far, and we may see little lower before moving back up again. The stochastic is lower and looks as if it may turn in the coming sessions.
Strategy BUY @ 10.4150-10.4350 and place SL below 10.3350. Profit order near 10.6875.
USDNOK-NEUTRAL SELL strategy 4-hourlyThe pair is locked in within a larger triangle, and it is difficult to determine which way we will go. The stochastic is looking neutral to positive, but considering the NOKZAR strategy, there will be more selling pressure in this pair, is my viewpoint.
Strategy SELL @ 10.6250-10.6550 and place SL above 10.7350. Profit order somewhere @ 10.4350.
USDNOK-BUY strategy 4-hourly chartThe pattern resembles now an inverted false bear flag, and stochastic starts looking positive. I feel there are good reasons to see higher levels again in the coming sessions.
Strategy BUY @ 10.48550-10.5350 and place SL below 10.3875 and take profit @ 10.7550.
USDNOK-NEUTRAL BUY strategy 4-hourlyThe pair has as well reacted to the "false bull flag pattern" conditions. we corrected lower, and likely we see further move lower in coming sessions. However, we are near support trend line suggesting we should take back the SELL position.
Strategy BUY @ 10.4350-10.4500 and place SL below 10.3875 and take profit @ 10.6550.
USDNOK-SELL strategy 4-hourly chartUnchanged view, and SL has been protected on this one. the stochastic is turning and we got the false bull flag pattern, suggesting we should correct south.
Strategy SELL @ 10.6150-10.6850 and place SL @ 10.7350 and profit order at 10.4575 now.
USDNOK-SELL strategy 4-hourlyThe pair has moved higher, and we are facing also a false bull flag pattern, plus high stochastic.
Strategy SELL @ 10.6150-10.6450 and place SL above 10.7350 and take profit @ 10.4750.
USDNOK-BUY startegy 4-hourly chartThe pair indeed respected the resistance area suggest, and moved low as expected. Now I feel wait until we reach 10.3500-10.3650 again.
Strategy BUY @ 10.3500-10.3650 and place SL below 10.2950 and take profit @ 10.5500.
USDNOK-SELL strategy 4-hourlyThe pair manages well within the range, and dependent to how aggressive or conservative one wishes to threat the waters, I felt lower BUY levels, would be better based on the assumptions we observe. Now we are touching the upper levels, and now I feel its ok to try the SELL sell again.
Strategy SELL @ 10.5300-10.5600 and place SL above 10.6450 and take profit @ 10.3950.
USDNOK-RANGE strategy 4-hourly chartThe pair has been moving little higher, but its not convincing either way. I prefer to range trade it for now.
Strategy BUY @ 10.3550 area with SL below 10.2750 and profit order @ 10.4950
Strategy SELL @ 10.4950 area with SL above 10.5250 and profit order @ 10.3675.
