USDNOK trade ideas
USDNOK TESTING SUPPORT. QUICK DAY TRADEI am going long on USDNOK. On the 1 hour chart price is testing a support area with 2 doji candles. I will be targeting previous resistance.
USDNOK DRESISTANCE HIT ON USDKRONE FOR A POSSIBLE SELL LOOMING check my analysis on INDEX:DXY we predict fall of Dollar. kindly like comment and share the analysis. Thanks
big short! but not yet...this play will take patience i predict we get a fakeout breakout on the top trendline and top off around 9.35-9.40 then we could see a drop back to low 9s. glta
Short the HUGE optimism in USDNOK After selling off in December, NOK has been the worst-performing currency in the G10 space.
There has been a huge upwards move in USDNOK without any meaningful correction, so this is a pretty good opportunity to open a short position with a wide stop-loss.
USDNOK Sell Swing FEB Week1Hi All ,
Another swing trade for Feb Week 1. Entry is market excution @9.28858 & Sl @9.29999 tp 1 8.80000
Many Thanks
USDNOK Double TopWaiting on Price Action to Break Below therefore needing to retrace to its previous level that was broken (minor swap level). Proper Candlestick pattern will Confirm entry to the downside.
FX:USDNOK Macro Outlook, Analysis & Market CommentaryTraders & Investors!
The Norwegian krone currently offers the prospect of serious value as markets fail to price solid economic performance against the backdrop of hawkish monetary stimulus. Reasons currently include discounts in exportation pricing due to selloff's in Oil, Natural Gas & Salmon prices. We remain optimistic on a rebound in these markets and as such a flow on effect to bids in the NOK.
From a technical perspective we begin building into our short bias initially by fading highs and progressively building into our extension targets of KR9.50xx. An impulsive shift lower and break of the ascending channel and strong conviction through the 200DMA should see a move into our macro targets of KR8.50xx where buyside liquidity currently sits.
Views on US Dollar Positioning
We begin loading into sellside exposure across both our macro and directional portfolios.
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LONG USD/NOK MULTI-TIMEFRAME ANALYSISHello Traders, i am going to Sell for Daily time. Here is the full analysis for this trade, let me know in the comment section below if you have any questions.
Please Mind your core principles of your trading confluences before taking the trade with proper risk management.
USDNOK 29 Jan 2020We can spot an M pattern forming which is a very known pattern for a reversal (at this moment to the downside). Another thing we can see is the rejection from the resistance zone. There is also a bearish divergence that strengthens the my idea for a short position and the RSI is also in an overbought position.
USDNOK is at fresh resistancePrice has made its way back up to a clean resistance zone. I'd wait for a clean rejection of the highs to place an entry with a tight stop.
USDNOK Jan 24, 2020We can clearly see the touch on the resistance and a clear rejection with the bearish closed candlestick (I am looking at my broker's chart which is a bit more accurate compared to this SAXO BANK). We can also see that the bearish (red candlestick) is bigger than the green which indicates a bearish engulfing pattern and therefor a reversal.
!!Another sign is the overbought position the pair is in and the bearish divergence we can see. I am waiting for a big move to the downside. And therefore I will short this pair!!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
USDNOK LONG SWING TRADE OPPORUNITY Price is currently testing a zone it has not been to since June. Seller momentum is weakening as today's Daily candle printed with a pin bar/dragonfly type candle. This looks like a good long swing trade but even if price breaks then obviously look for a retest then a move to the downside so that if your Long trade did not work out you will still profit off of the short. Thanks for reading.
USDNOK potential reversal!
USDNOK expected to rise up to 1st resistance at 9.03979 where it could potentially react off and drop down to 1st support at 8.93861.
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Short to NecklinePrice had a strong rejection at the 61.8 Fib, and returned under the strong montlhy Resistance/support. I would expect to see a retest of either level before a drop that would target the W-formation's neckline.
Looking at the daily, the price remains in a strong downtrend, and could be in a possible b-wave of the ABC corrective waves.
I believe a reasonable target for the C-wave completion would be the previously made W-formation neckline.
