USDNOK potential reversal! USDNOK expected to rise up to 1st resistance at 8.97772 where it could potentially react off and drop down to 1st support at 8.89307. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby ICmarkets13
USDNOK reversed from resistance, potential drop! USDNOK reversed off its resistance at 8.92350 where it could potentially drop further to 8.76076. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby ICmarkets118
USDNOK reversed from resistance, potential drop! USDNOK reversed off its resistance at 8.92350 where it could potentially drop further to 8.75474. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby ICmarkets7
1/15/2020 USDNOK ( management of the trade ) Another Forex Trading Snack. From my original posting of the short opportunity that I saw in USDNOK, my tactics have always been in building a position up to take advantage of my longer term bias for the pair. The market will do what’s its going to do and all we can do is catch a ride if we can. Newer traders might just catch a great entry point but only get taken out for a few pips at best. Usually new traders get all excited to see a trade move into a profit zone, but this caused beginners paralyses in taking good trading practices action far to slowly. However when price bounces back up towards entry price or worse, at this point of the new traders cycle of trading, the new trader tends to take action far to fast in the hopes to avoid trading pain, losses, or an attempt to greatly limit losses. Instead lack of action or trade planing have limited their overall success. Take this chart view for instants. It shows 3 trades I set up, 2 that were filled and the last one just setup and stands still open at the time of this posting. Each trade was taken with multiple lots per order. In this way a trader can take one lot off to take partial profits while allowing the other to run. If you only place one lot orders— you are at the mercy of the markets to either give you a profit or a loss. Once you decide to take profits you’re out of the trade. Sure the market could bounce back in your favor to re enter, but just as easy it could keep going. On the flip side a new traders mindset could say if I trade 2 lots I’m taking more of a risk to my trading account. This is also true! However if you place your trades close to confluences, indicators and support / resistance levels / trend lines.... what ever your edge is, you have well defined entry points with limited risk points. Take this trade setup. My original entry had 100 pips of risk. The first entry moved in my favor and I had a hard take partial profits at 100 pips. So without moving stops on the remaining lot it turned out taking a partial profit eliminating all risk on the remainder of the trade balance. My bias didn’t change so finding the next attempt at a new entry was easy. Next lower red box, is my take the trade zone as well as where the extreme stop would be. When setting up the second entry and stop I also moved the first balance trade stop as well to the same place. The second entry had 130 pip stop. Because of stop placements and the first trades partial profits taken, the over all total risk take was only 130 pips even though, if the second trade was filled the total lots on this trade would be 3 lots. 1 original lot profit taken +100 pips 1 lot from original entry with a +30 stop 2 lots second entry with 130 pip each or 260 total stop Over all total risk / profit once second order was filled 130 total pips with 3 total lots. Again the markets moved in my favor. I took again partial profits of 300 pips this time, leaving 2 remaining lots on my trade idea. Now moving my stops down to the second over all high price on the remaining lots, I’ve eliminated all risk on the remaining 2 lots as well have locked in a 400 pips of profits. Well at the time of the post my 3rd entry has not yet been filled. This 3rd entry will be 3 lots with a 125 pip stop per lot or a total of 375 pips for my total risk. If stops get triggered I still take home 25 pips total profits. Previously locked in 400 - 375 on 3rd entry if stopped out = + 25 pips. If and when the 3rd orders get filled I plan to allow this trade idea to ride out to my longer term profit zone. The only management of this trade will be moving the over all stop of this trade for all lots. This will by moving stops to lock in profits on all lots of the trade. If the 3rd part isn’t filled the trade management is still the same on the 2 lots still running. Each currency pair has it own need for different stop sizes according to its own daily average moving range. As traders we must except that the only part of trading that we can control is our own level of risk taken. With this example I think I’ve shown how to trade a longer term idea while reducing risk without taking yourself totally out of the position until the market takes you out. We should alway be looking to allow your winners to run. Manage your trade ideas to eliminate taking a large loss and your trade plan should include allowing the trade idea to run as far as the market will allow it to run while reducing the overall need to personally manage the trade position. Once a trade gets to a risk free trade with all risk of loss to my trading account eliminating, I just wait fir the market to get to my profit targets or my managed stop levels. Just let the market take you out one way or the other. As always this is only for educational purposes only. All the best in your trading. Trading currencies is the hardest easy money you’ll ever try to make. Plan your trades and trade your plans. Shortby PipsTradingClubUpdated 7
USDNOK - Going southUSDNOK (1H) - short term bearish bias The US dollar's general retreat today is giving the Norwegian Krone a push. The greenback has been in retreat since it met stiff selling pressure between the 20 and 30-day moving averages. On the hourly chart, the bearish RSI divergence was the warning sign of a waning bullish momentum. The U-turn was materialised by a breakout below the major floor of 8.8600. We would expect the pair to continue on its way down while the bearish trend line would keep any rebound in check. Key support: 8.8300 Key resistance: 8.8800Shortby INFINOX_Capital116
USDNOK, Bounced from the Support/Resistance Zone..The price is above the Support/Resistance Zone. I will look for an accurate Buy entry after the pullback to it. Push like if you think this is a useful idea! Before to trade my ideas make your own analyze. Write your comments and questions here! Thanks for your support! Longby Yuriy_BishkoUpdated 5560
USDNOK Correction to MA200 Completed, Time for ShortUSDNOK Correction to MA200 Completed, Time for ShortShortby herocan12
USDNOK reversed from resistance, potential drop! USDNOK reversed off its resistance at 8.92350 where it could potentially drop further to 8.75474. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Shortby Pepperstone6
1/14/2020 USDNOKImpulsive moves are what we are looking for. Right? I mean those are the moves that have the biggest bang for the trading risk buck! However looking around the charts sometimes you just run into a move that has already happened. Sad, but it’s true all to often. Opportunity could just be hiding in plain sight though. This is when I look for a EW ( Elliott Wave ) 5 Wave pattern. I’m no EW wave trader, but learned to spot those 5 wave patterns. First EW 5 waves are moves that happen in impulsive moves and more importantly, they’re mostly an ending move pattern followed by a counter move. A very reliable pattern with a very high percentage of these kind of out comes. Second the 4 wave is usually drawn out over a longer time and the move to the ending 5 wave is more sudden. This gives time to get in on the action even though most of the impulsive move happened when you were looking right instead of left. Spotting these on the daily or 4 hour charts is what I trade if they’re seen. USDNOK is currently in what I think is a EW 4th wave ( see the attached chart)!and about to go down more into the 5Th. In addition to the daily chart, taking a look into the 4H we can see a rectangle consolidating price action just under the 200 day daily moving average. Should this break down lower price according to EW pattern it should make a new low. I’m looking for 8.75-8.70 From it current price of 8.87-8.88 a very nice move indeed if and when it happens. I’ve placed no orders out to see if they get filled over my night. Remember yo use personal appropriate risk for you and your size of trading account. Because you know, Forex Trading is the hardest easy money you’ll try to make. All the best in your trading. Shortby PipsTradingClubUpdated 8
USDNOK reversed from resistance, potential drop! USDNOK reversed off its resistance at 8.92350 where it could potentially drop further to 8.75474. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Shortby Pepperstone8
USDNOK approaching resistance, look out for potential reversal! USDNOK is approaching its resistance at 8.92350 where it is could reverse down to its support at 8.75474. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby ICmarkets1110
USDNOK reversed from resistance, potential drop! USDNOK reversed off its resistance at 8.92350 where it could potentially drop further to 8.75474. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby ICmarkets14
USDNOK reversed from resistance, potential drop! USDNOK reversed off its resistance at 8.92350 where it could potentially drop further to 8.75474. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby ICmarkets18
USDNOK | HIGH PROBABILITY SETUP WITH USD STRENGTH Hello, We see a nice trend developing towards the upside this is due to the USD getting stronger, regaining power and pushing against other currencies. Recently USD was weak for a month straight, but the time has come for the USD to pick up and it shows, I believe the pair will at reach 8.95 zone and more! It is also breaking our 200MA line on the daily timeframe with a Fibonacci confirmation, I left some of the analysis out, to not over complicate chart for you guys. Longby FX-TradingLions118
USDNOK potential reversal! USDNOK expected to rise up to 1st resistance at 8.92350 where it could potentially react off and drop down to 1st support at 8.75474. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby ICmarkets11
USDNOK LONG BUY LIMITSupply and demand buy limit : X lot at 8.79815 Sl at 8.75760 TP at 9.05100 now we wait..Longby DwayneS10
USDNOKThere is an oversold situation on a key level of resistance which is now becoming support, and a few rejection of current prices. If you are trading this currency, I will like to know your point of viewLongby kenah247
USDNOK bounced from support, potential for a further rise! USDNOK bounced off 8.79701 where it could potentially rise further to 8.92350. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby ICmarkets10
06012020 - USDNOKWaiting a break of a support to go to fresh demand zones. Educationby operadorretail4
long usdnoklong term bullish trend, rejection from the previous resistance now support, 61,8 retracement, macd hidden divergence on weekly chart Longby aurelianburca5