USDNOK trade ideas
USDNOK 4HWe've got a pretty decent trend line with a number of reactions (stars). We've reached the trend line again. Is it going to continue down (we're retesting the break) or will it bounce back up?
LONG USDNOKA possible hidden bullish divergence is spotted on the 4H.
Indicates underlying strength. Good entry or re-entry. Occurs during retracements in an uptrend. Nice to see during price retest of previous lows. “Buy the dips.”
200EMA supports price.
USDNOK bullish bat in formationIn the making now, but wont enter until we get confirmation of a reversal. But this level is one that is respected well by this pair.
USD/NOK Possible LongUSD/NOK Multiple Time Frame Technical Analysis:
This seems to behave locally according to the (-- Three Drives Pattern --)
It already (-- MADE ALL THE RETESTS --) and is supposed to hit the next drive up.
-- The Price is supposed to hit the Target Level 1 within the range of 10.80 -- (-- High Risk --)
-- The Price is supposed to hit the Target Level 2 within the range of 11.10-- (-- Normal Risk --)
The Risk to reward ratio indicates a high risk because Its a little bit late to enter the trade.
Trade Wisely
Note:
- These Forecasts are Observational Forecasts, and should not be used in applying any trading strategies.
- No Hedge Funds Analysis were included in the analysis. (-- Please Consider --)
USDNOK Long Trade - Entry 10.795Stop Loss = 10.476 / Take Profit = 11.7521 > Coupled with a 1% risk and 3% reward.
Once the trade reaches a 1:1 point move SL in front of the entry to protect the downside.
If it takes you out we can always re enter at another opportunity.
As the trade progresses i will comment every change to show you how i make to maximize profits.
Remember Risk/Reward is the key, we will take losses along the way but overall profit in the long run.
If you enjoy follow and like my ideas and if you have questions message me.
Keep Chasing that Paper!!!
USDNOKAs much as I want to see this thing go to Goblin town (ever since I made a sweet short-call, but didn't pull the trigger), if this rounded base remains and 10.8 flips, would be sad to see it go higher again. Clean break below 10.6 might invalid this horrible scenario and short redemption is in play.
Dollar Milk Shake would attribute, while NOK struggles.
Long USDNOK based on USOIL crashUSoil crashed today
Shortly Brent will follow, and USDNOK to go up
Not much movement has happened yet, good time to enter
USDNOK Setting up for a large decline.The USD/NOK is trading at historic levels, which is why you see mostly purple and light blue lines (monthly and weekly levels).
I think that once support gets broken on USD/NOK we'll see a significant decline.
A. Light Blue: Weekly Levels (W)
B. Green: Daily Levels (D)
C. Purple: Monthly Levels and above (MO)
D. Orange: 3 day levels. (3D).
E. Red: (12 hour levels and below.)
USDNOK LONG biasThis is #USDNOK Analysis. price just created new strong daily demand Area where we can set our Set&Forget based limit orders for the future. No matter how much time price takes to come back to the projected Area we will just wait to make our trades safe and healthier. best of luck
USDNOK Short Term LongFull Bear Div Cycle Triggered. Possibly finished point 2. Buy into point 3 swing to point 3. TP $11. SL $10.38.
USD/NOK daily perspective after a huge impulse the price has corrected to 0.5 Fibo and showing good respect to this level, and for now it seems pretty logical and obvious, that the price has to close the shadow and test the neckline. long.
