USDNOKpossible breakout to the downside after a retest around 10.49822 and theñ a continuation to the downside Shortby starlessbeatsPublished 0
USDNOK Sell Opportunity: Anticipating Downside PotentialPair: USDNOK Entry: 10.46195 Stop Loss: 10.67581 (above fair value gap) Take Profit: 9.69620 Risk-to-Reward: 3.63 Strategy: Selling USDNOK as a short opportunity. Explanation: The decision to sell USDNOK is based on the anticipation of a potential decline in the exchange rate. Here are a few reasons why this is considered a short opportunity: Fair Value Gap: Placing the stop loss just above the fair value gap suggests that the price is near a level that is considered fair based on market analysis. This indicates a potential resistance area where sellers could take control. Technical Analysis: Additional technical analysis might indicate bearish signals, such as a breakdown of key support levels, bearish chart patterns, or negative momentum indicators. Traders may use these technical factors to support their short position. Fundamental Factors: Fundamental factors specific to the USDNOK pair, such as economic data, geopolitical events, or monetary policy decisions, might suggest a negative outlook for the US Dollar and/or a positive outlook for the Norwegian Krone. These factors could influence market sentiment and potentially drive the exchange rate lower. Risk-to-Reward Ratio: The risk-to-reward ratio of 3.63 suggests that the potential reward outweighs the potential risk. This means that the potential profit from the trade is 3.63 times the potential loss. Traders often look for opportunities with favorable risk-to-reward ratios to ensure that potential profits justify the risk involved. Remember, it is essential to conduct thorough analysis and consider multiple factors before entering a trade. This explanation provides a general overview but should not be considered as financial advice.Shortby UpHighTradePublished 1
USDNOK- IN Bearish trend USDNOK is trading in bearish trend as it is printing Lower highs and lower lowsShortby FazalSiyalPublished 0
USDNOKMonthly -Price is in a uptrend Weekly -Bullish M pattern -Institutional candel -Buy side liquidity Daily -Bullish M pattern -Institutional candel Longby andresnwfxPublished 0
USDNOK long after false breakoutPrice broke the previous price structure located at 10,807 and making HH and HL. I will trade the retest of broken resistance, which will act as support. If you want to trade this idea, wait for false breakout and monitor the retest on lower time frames like 15M-30M or 1H. DO NOT ENTER earlier. If you don´t know what is false breakout, study. It doesn´t make any sense to enter earlier (because of the better price), you would just loose money. Green lines are TP, but also strong pullback areas, TP your trade partially. Wish you good luck. I´m not a signal service, don´t have 10K followers, do not selling anything. If you want to buy something, contact some signal service which will comment this idea. I share my own traded ideas. Check my previous ideas to know, what(and with who) you will trade. Longby Rendon1Published 112
NOKUSDWe see that price has potentially formed an inverted head and shoulder pattern , with price now approaching the neckline of the pattern we could potentially see a break and retest of the neckline for the chance to go long .From the fundamentals ,NORWAY CENTRAL BANK has decided as of 22/6/2023 to raise interest rates 3.75% beating the markets expectations of 3.5% hence further confluence for the pairLongby KILLCADPublished 4
USDNOKMonthly -Price sweeps liquidity Weekly -Institutional candel -Sell side liquidity Daily -Bearish W pattern -Institutional candel -Sell side liquidityShortby andresnwfxPublished 112
USDNOK Can See More Weakness As Crude Tryign To FInd A SupportCrude oil is trying to stabilize ahead of the FED today, showing some interesting intraday recovery from around $67.00 per barrel. Can be a small impulse, but I want to see a steady recovery ehre and possibly a broken resistance line to make sure that w-x-y in E of (B) is completed. Also, the global oil supply fell 660k bpd in May on OPEC+ cuts, which can help to stabilize oil price going forward. With higher crude I like NOK. Keep in mind that crude oil and USDNOK, both traded south recently, but crude trying to stabilize now. If it closes higher today, then USDNOK can see much more weakness. Current bears on USDNOK are also acting impulsively so far. GHby ew-forecastPublished 224
USDNOK - NEW BREAKOUT📈Hey Traders👋🏻 On The Daily Time Frame The GBPJPY Price Broke The Resistance Level (11.01162-10.81908)✔ Currently, The Resistance Level Becomes New Support Level📈 So, I Expect a Bullish Move📈 i'm waiting for a retest.... ----------- TARGET: 11.63630🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!Longby Hsan_BenAhmedPublished 117
USDNOKMonthly -The price is in a clear uptrend -Institutional candel -Buy side liquidity Weekly -Price sweeps liquidity -Institutional candel -Buy side liquidity Daily -Price sweeps liquidity -Bullish M -Institutional candelLongby andresnwfxUpdated 0
USD/NOK Bull ContinuationOANDA:USDNOK Nearly all USD pairs bullish, take your pick. USDNOK is ready to run after a brief pullback. The pullback took form as a Cup & Handle, which is about to break out. Long the break and ride it back to the ATH. Fat_Fat Longby Cousin_Fat_FatUpdated 3
USDNOK - BROKEN CHANNEL 📉Hello Traders👋🏻 The USDNOK Price Reached a Resistance Level ✔️ The Price Failed To Create New Higher High and formed an Ascending Channel✔️ The Support Line is Broken 🔥 If Price Stays Under The Key Zone, USDNOK Can Continue The Bearish Move 📉 ----- TARGET: 10.53000🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!Shortby Hsan_BenAhmedUpdated 116
My Weekly Analysis 57 Pt. 2I go through my currency pairs and analyze them while listening to music and talk to you guys. *not a financial advisor*Long20:00by robel2324Published 0
W10-USDNOK BULLISH IDEAPOTENTIAL BULLISH ENTRY Dow Theory In Place - higher highs and higher lows Expected in Place (Trend continues) Formation of the bullish flag (continuation pattern) ENTRY, SL & TP Levels are defined.Longby khabeerkhalidUpdated 0
USDNOK - Resistance Becomes SupportHello Traders 💖 On The Daily Time Frame The USDNOK Price Reached A Resistance Level 10.55525-10.60426 ✔ Currently, The Price Broke The Key Level (Resistance Level Becomes New Support Level) If Price Stays Above The Key Zone, USDNOK Can Create New Higher Low and Continue The Bullish Move 📈 ----------- TARGET 1: 10.68262🎯 TARGET 2: 10.74918🎯Longby Hsan_BenAhmedUpdated 117
USDNOK - BULLISH TRENDUSDNOK is in bullish trend as it is making higher highs and higher lows. trade plan revised based on higher high. old plan Trade based on Fib Retracement Buy Limit: 10.52059 SL:10.42365 TP1: 10.61753 TP2: 10.71447 Lot Size: 0.11 per trade Risk : 1% per Trade New Plan Buy Limit: 10.54860 SL:10.42365 TP1: 10.67355 TP2: 10.79850 Lot Size: 0.08 per trade Risk : 1% per TradeLongby joyfull2022Published 0
USDNOK - BULLISH TRENDUSDNOK is in bullish trend as it is making higher highs and higher lows.Longby joyfull2022Published 1
W9-15 USDNOK BEARISH IDEAPotential Bearish Entry Dow Theory In Place - Lower High and Lower Low Expected in Place The price action has respected the resistance zone number of times coupled with bearish divergence and pullback is expected from the resistance zone. SL & TP Levels are defined.Shortby khabeerkhalidPublished 0
USDNOK (US Dollar Vs Norwegian Krone)USDNOK is reaching demand area and we hope a good long position i prefer to save 30% of volume at target defined and let it go Entry:10.34797 SL:10.24479 Target: 11.03141 RR:1:6Longby crystorexPublished 0
USDNOK-Bullish TrendUSDNOK is in bullish trend as it is making higher highs and higher lows.Longby joyfull2022Published 0
USDNOKEUSDNOK showing Strength of Sellers but over all in HTF is Bullish Trend Whats are yours Prediction?Shortby kashi_fxPublished 221
Week6 - Bearish Flag- USDNOKWeek6 - Bearish Flag- USDNOK Chart shows good bearish flag and good to have sell stop entryShortby xTrading333Published 0
USDNOK Up.USDNOK Up. 38.2 Higher Low. Similar move in other exoctic pairs against USD. Building confidence in trade.Longby jforex78Published 0