USDNOK trade ideas
USDNOK still struggling with bearishThe recent rebound on strong support was promising for a reversal trend, but it is very tough. I still see a stronger Short position in a few days ahead.
OANDA:USDNOK
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Disclaimer:
This information is for educational purposes and is not an investment recommendation nor to be representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
Find your entry for nookUSDNOK FALLING LAST LEG POSSIBLE ENTER i RECOMMEND MULTIPLE ENTRY NOT TO MISS THE UPPER MOVE.
USD/NOK about to cross under supportHello Traders!
It looks like almost all signals say short on USD/NOK. The 50 SMA has recently crossed under the 100 SMA and will soon cross under the 200 SMA. The price has crossed again under the 200 SMA and the MACD has crossed under the 9 EMA. The only thing that's missing is a bit more momentum and that is about to come when the price crosses under the 9.21 support/resistance. Only the RSI has to stay away from oversold a little longer.
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Please, maintain proper position sizing and risk management!
USDNOK 4H MULTIPLE TIME FRAME ANALYSISBEHOLD I BRING YOU GUYS ANOTHER EXOTIC PAIR ANALYSIS
YOU CAN MAKE A FORTUNE OFF THIS AND YOU CAN ALSO LOSE ALOT, SO I ADVICE YOU PLAY SAFE
THIS IS GOING TO BE MOVING IN A DOWN TREND
FOLLOW MY DRAWING
USE A GOOD STOP LOSE AND TAKE PROFIT
COMMENT AND FOLLOW TO STAY UPDATED
GOOD LUCK
USDNOK Buy SignalPattern: Triangle on 1D.
Signal: Bullish as the RSI is forming a bullish pattern which since the Channel Up started in March 2018, it was a sign of a new High.
Target: 9.800 (Higher High excluding the COVID candles).
Most recent signal:
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Short USD/NOK TP @ 9.27 ( short term outlook) Short idea for this pair.
My target for this pair at the current pace of economical outlook is 9.27 which was the resistance to start of uptrend in March.
Thanks for viewing ! This is not financial advice , please do your own DD and RM.
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USD/NOK - 8hr TF - LongCandle build up at resistance / bull flag type pattern. Usually a strong sign of a break-out.
If possible, try to buy at the bottom of the flag, for tighter stop loss.
Take profit at next area of selling pressure, highlighted by the red rectangle.
