USDNOK shortAfter breaking the SL I waited for a new position to be determined for shorts. The market is going down in the higher timeframe. I found out the position, price and opened a short. I set a target for the position
USDNOK trade ideas
Elliott Wave Analysis: USDNOK Is Unfolding Three-Wave CorrectionHello traders!
Today we will talk about USDNOK pair, its price action from technical point of view and wave structure from Elliott Wave perspective, as we see quite clear pattern.
USDNOK made a five-wave bullish impulse from the lows, ideally as part of first leg (A), which has been followed by a three-wave A-B-C setback in wave (B). Well, now that is breaking back above channel resistance line, seems like wave (C) is already in progress, which can push the price up to 9-10 resistance area before bears show up again.
So, be aware of more upside in upcoming days/weeks, just be aware of short-term intraday pullbacks.
Trade well!
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USDNOK looks high vs. crude oilIf you are bullish crude, a good way to express it right now is via short USDNOK. Following the VAR shock in early November, hedge funds have been forced to reduce popular positions (including NOK, which was a favored reflation trade). I think the VAR shock pain is mostly done and USDNOK and EURNOK should revert back towards the lows. Both pairs look around 1% too high to me based on simple fair value vs. oil. S&P 500 and gold at the highs add to the logic.
bd
This is for your information only. Not trading advice. Trade your own view at your own risk.
USDNOK shortThe market continues its downward movement. I have designated the place, price and TP. I am waiting for the price to come back, the signal from the chart and the position to open
USDNOK - BuyHello, traders
This pair has the potential to go higher after breaking its wave-form
If you have a similar trade, please comment below
Good luck :)
Road Map Eur Usd Fractal Road map , next rally for eur usd . Major trend is bearish but the next movement until the end of january
Fractal Correlation Eur Usd Fractal correlation Eur Usd and Usd Cad inverted and Usd Nok inverted time frame weekly -
Cynthia Robertson Quarter Points Theory Chart 2 of 4 USDNOKThis is a Quarter Points Theory Chart 2 markup of the USDNOK Forex currency pair.
This is the product of a beginner just learning how to mark a chart using the QPT.
USDNOK: BUYMany of our setups for this week on USD pairs are leaning more towards a bullish bias. As you can see on USDNOK, if you drew a Fibonacci from low to high off the daily time frame, you can see that price closed right around the 50.0 entry level of the Fib last week, so if you take this idea, feel free to set your stop loss level and expect to take profit around 9.6932 .
Double Bottom At Support And 200 Day Moving Average We're at a support and resistance zone and above the 200 day moving average attempting to make a higher low.
USDNOK short-term sellTrend line
M15 flat
Price is pushing through support, that will turn into a resistance
Entry at the retest
Trailing stop loss
BEARISH OUTLOOK FOR USDNOKUSDNOK Formed a double top structure on the daily timeframe and from there we saw a breakout of the neckline and yesterday the price retested the neckline. The daily candle close was a pinbar showing bears attempt to push the price lower. All this gave reasons to go short.
What is your opinion on USDNOK?
Idea on the zoneWe have a key area being respected i dont normally trade this pair but my predictions are bearish.
USDNOK MONTHLY TIMEFRAME LONG OPPORTUNITYUSDNOK Reacted very nicely from our previous monthly support area and came back to retest the area again. Price structure remains bearish on the lower timeframes however on the bigger timeframes such as the weekly and monthly price remains above bullish structure. If price manages to hold current structural area or near the area, we can expect a good long swing trade opportunity. Keep an eye on it.
BUYS ON USDNOKDisclaimer!
🔺 The content of this analysis is subject to change at any time without notice.
🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions.
🔺 You must do your own research to create your own trading plan for the market
LONGEnter: 8.73795
Exit: 8.77712,8.80205,8.84122
SL: 8.69345
BULL Reason:
1. Strong Demand Area
2. Fib Retracement Complete
BEAR:
PLEASE point some..!
USD/NOK going down!Hi, price broke the ascending trendline and made a pullback... and now I think it's going down.
Use proper money management!
USDNOK LONG ON POSSIBLE RE TEST ON SUPTOANDA:USDNOK
After a weak business sentiment news, dollar bulls maybe unwinded long position to book some gains. Im looking to buy at possible retest on support on USDNOK.
Whats your thoughts.
USDNOK Target Price 8.84255USDNOK Entry Price 8.71538
Pin Bar Date Time and Price (x,y)
(12-Aug-2021 at 16:00, 8.71538)
