Long-term shortJust take a look at a weekly chart....
I am trying to short every potential setup.
This time keep in mind the proximity of a triangle - should break its wave E.
Short opportunity in place with a reasonable SL
NOKUSD trade ideas
USDNOK potential reversal!
USDNOK expected to rise up to 1st resistance at 9.16450 where it could potentially react off and drop down to 1st support at 9.09600.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
90 percent here are short. the same percent fail. as you can see we have been bullish since that start. shorts expecting a dip haven't been following the USDX and are only seeing what they want. If we continue the current trend my EOW price target is 9.20s.
Entry:9.12-9.13(2 lots)
SL:9.09
PT:9.60s
remember this is only my starter position as I begin to add with a little more size once it begins to work in my favor. GLTA this week
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 9.10181 where it could potentially drop further to 9.03300.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 9.11100 where it could potentially drop further to 9.01000.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Unok sellLong term sell . Day trader stay away . Sl might be moved depending on fundamentals. 3months swing .
First sell entryFrom the R:R view it may be reasonable to sell today. On the m15 t/f price it at the trendline, with the high probability of breaking it down.
Strategy is as follows:
- trade wave B down in the three-wave structure, may close part of the trade when price reaches the local low
- wait for the completion of an assumed correction and trade the larger move down.
Basically, evth on the chart.
Price would not move exactly as I plot, but if the structure appears like that, do not miss this opportunity.
Good luck!
USDNOK approaching resistance, look out for potential reversal!
USDNOK is approaching its resistance at 9.11100 where it is could reverse down to its support at 9.01000.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK bounced from support, potential for a further rise!
USDNOK bounced off 9.01000 where it could potentially rise further to 9.11100.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Possible bullish flag structure : Range trading till breakoutCurrently we are looking for selling near channel top and buying from bottom , in longer run we might be looking at possible Bullish flag pattern breakout for swing trades..
USDNOK bounced from support, potential for a further rise!
USDNOK bounced off 9.02369 where it could potentially rise further to 9.11100.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK bounced from support, potential for a further rise!
USDNOK bounced off 9.01982 where it could potentially rise further to 9.11100.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK approaching support, potential for a bounce!
USDNOK is expected to drop to 1st support at 9.01000 where it could potentially react off and up to 1st resistance at 9.11100.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK - Going to fall Made a spike down but retraced it just as fast and is now going up, for the last time hopefully.
Ideal retracement zone is the 61.8% level but we could see it turn a bit sooner, around 9.039.
As you can see, the 38.2% retracement level has been hit, which is the minimum required.
So, if we see price go down right away, the count still remains a valid one.
If on the other hand we see a new high, we will need to get back to the drawing board.
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 9.06900 where it could potentially drop further to 9.01000.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Update for USDNOKNothing new, last break with a lower low was a wave B.
Flat structures tend to perform like that.
What to expect:
1. Running flat (wave C fails to make a lower high)
2. Expanded flat.
Evth on the chart
