NOKUSD trade ideas
USDNOK - 120MIN / 2HR - LONG PROJECTION :
Price to push down and retest 8.52012
PROJECTED TARGET : 8.76000
Buy NokNorway is completely disconnected from the current weak economic cycle. Let's assume an increase in interest rates at the next meeting in September.
Our intention is to buy Norwegian krona against US dollar, the two economies are living different monetary policy moments. The Fed will cut rates during the July meeting, while the Norwegian central bank will raise interest rates after the summer to cope with rising inflation.
Entry: area 8.50-8.55
Stop: area 9.75
Target: area 8.00
Swap: Negative
USDNOK - 240 - Could drift a bit lowerTrade idea
USDNOK broke below its short-term tentative upside support line. If it continues trading below that line, we may see the rate drifting further south.
Please see the chart for details.
Don't forget your stop-loss.
#FXinsights USD inFOCUS w/ #TradingViewTOOLKITP.R.O. METRICS Price Action & Momentum +/- PIP POTENTIAL
P.R.O. Trading LEVELS
Key MarketDEPTH RANGE
USDNOK - LongFijense que el tercer toque del canal superior fue lo que nos dió la zona de resistencia que el mercado fue a testear en 2 oportunidades más, antes de romper la estructura alcista y de romper el canal.
Trazamos un fibonacci del último impulso bajista, y vemos que ahora está llegando al 61% del fibo, esperariamos en H8 o en H4 confirmaciones de rechazo para buscar la venta en swing.
TP1 --> Zona del -27 de la extensión del fibo.
TP2 --> Zona del -61 de la extensión del fibo.
TP3 --> Zona del 8.14000
TP4 --> Zona del 7.75600
OJO --> Este par mueve muchos pips, traten de tener paciencia hasta que el precio confirme que va a empezar a bajar, y utilicen una buena gestión de riesgo!
USDNOK BACK AT SELL ZONEUSDNOK is back into the key daily lows where we could see sellers re-enter the market.
The USDNOK is currently trading within a weekly range and could see prices test the key lows
of the range in the demand zone labeled on the chart. With Oil prices on the rise once again the
NOK could benefit and gain strength. We will be looking for lower timeframe shorting opportunities
here of waiting for a daily bearish close to look for a short position.
#USDNOK SELLHey Fam
I am going short with this pair as the correction is approaching its end and we will see an impulse.
Trade carefully with your plan
#MAD #Billionaires #MakeADifference
Bullish soon Buy at 8.586 The support
Currently in an uptrend
Going to be bearish for a while and be bullish again once it touches the support
