SEKNOK trade ideas
NOKSEK long setupNOKSEK we have another nice M formation on the daily timeframe, we also have this bullish trendline so again we are expecting the pattern to complete at the neckline, we are waiting to see new bullish structure on lower timeframes and a change of environment then if our rules are satisfied we can be taking a nice long.
NOKSEK entry candle for long trade!This pair just has broken out of local range with a head & shoulder pattern with nice entry candle. Great time to go long!
NOKSEK on very important Daily, Weekly & Monthly supportThis pair on a very important Monthly, Weekly and Daily support. Also last daily candle has just retested the support and ready to take off. Good time to enter a long trade.
NOK/SEK - Price may stabiliseThanks for viewing! This is not financial advice please consider your own Due Diligence and Risk Management.
TO MY NORWEGIAN TRADERS.MULTI TIME-FRAME ANALYSIS DONE.
TRADE SHOULD ONLY BE TAKEN IF IT FITS YOUR IDEA OR PLAN.
TRADE SMART.
New Week Trade- NOK/SEK LongThis is not financial advice , please consider your own Due Diligence and Risk Management.
NOKSEK: Aiming for the Support.The pair is trading within a 1D Channel Up (RSI = 48.456, STOCH = 47.038, MACD = 0.001, ADX = 30.430) which is currently neutral as it is aiming for a new Higher Low. That can be on the 0.9585 Support, which is our current target on this pull back.
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NOKSEK | LONG | Dabbling in something exoticGot a signal to go long.
Buy Limit
Price: 0.9777
SL: 0.9695
I'm not a financial advisor. If you seek financial advice look within your local area.
NOKSEKImpulse correction impulse at DP ( supply zone ) , align with 0.618 FIB. No fakeout. Higher risk setup.
NOKSEK SHORTI apologize for the inactivity! We're back with new analysis. Price has been on a consistent downtrend trading below all EMA's indicating we should be looking to short. On the weekly and daily, price is sitting at key resistance. In addition, price was overbought till it started pushing downwards. More so, Price is sitting at the 50-61.8% fib zone and has just broken the neckline of the head and shoulders.
Trading Room Summary 21/04/20WTI Oil Futures hit below zero over night but have recovered to $20 will this be a catalyst for a stock market sell off? If so look for safe havens to push long especially against oil producers. This is already happening but whether it continues is the big unknown.
NOK/SEK LONG-Norwegian Central Bank stated would step in to FX markets if drop in Norwegian Krone dropped more.
-Providing support.
-At the same time oversold on the RSI and general sell down. Looking like a bounce.
