USDNOK trade ideas
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 9.13978 where it could potentially drop further to 8.80785.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Buy USD/NOKThis is just a journal for me. I strongly warn you to not take this in your real account. Good luck!
usdnokhere we can see that price is contained within channel and is currently approaching the top of the channel for the second time where the level of supply exceeds demand . Where we move to lower timeframes to look for sell setups
PS: there's no actual certainty trade at your own risk. Thank you
Trade Idea + Top and Bottom Analysis on USDNOK by ThinkingAntsOkUse this as an Idea to develop your own setup
Main Items we see on the 4HS Chart:
a)Price is on Maximum Historical Highs, this is an important Resistance Zone (check Weekly chart)
b)MACD divergence, this is a clear signal of the weakness of the current bullish movement
c)The Main Ascending trendline is broken and the price is making a pullback over that trendline
d)Currently, we can see a Wedge pattern structure, this type of formations are reversal structures
e)On the chart we have set Entry/Stop/Take Profit, this configuration gives a really good Risk Reward Ratio, Higher than 2:1 with a really good Stop
Multy timeframe analysis
Weekly Chart:
Daily Chart:
Short USDNOK @ 9.03024; TP @ 8.84975, SL your choiceShort USDNOK @ 9.03024; TP @ 8.84975, SL your choice
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 98.08 where it could potentially drop further to 97.27.
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USDNOK approaching resistance, look out for potential reversal!
USDNOK is approaching 8.99303 where it is could reverse down to its support at 8.93400.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USD/NOK Long BiasWith price holding its steady uptrend all year I'd still be looking to go long on this pair. At the moment we can see the 4HR had a nice run up on Aug 14 with price going from 8.87136 all the way to 9.03077 where we saw selling pressure come back into the market for a pull back for us to get a possible long position. Pulling the the Fib tool from Aug 14 price at 8.87136 to the top of the pull back at 9.03077 we have a nice zone between the 61.8 and 50 % to go long.
Will see how this plays out when the markets open !
USDNOK #Forex #ForexTrader #ForexTrading #ForexChartAt a big area of Supply on Weekly TF look for possible selling opportunity
harmonic patternUSDNOK: as we can see here price has formed a bearish gartley on the higher weekly timeframe. potential move to the downside...
PS: this is just a market perspective, and there's no actual certainty. thank you
Short NOKUSD at cmpprice has entered the supply zone --short at cmp , stop if the candles close above the zone ---target is 2 times the zone size
USDNOK bounced from support, potential for a further rise!
USDNOK bounced off 8.92795 where it could potentially rise further to 8.99960.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
usdnok sell Hi All ,
I expect a sell off into previous support , before trading inside the range for another 4-9weeks . This is a swing trade!!!
Entry 8.94470
SL 9.10075
TP1 8.80682
Many Thanks
USDNOK bounced from support, potential for a further rise!
USDNOK bounced off 8.95910 where it could potentially rise further to 9.04340.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
posible ventapuede que haya subido y tocado el nivel 23.6 para bajar o el retroceso solo haya sido hasat el 38.2 y este siga subiendo...
-solo es una especulacion... en la vida hay que tomar riesgos xD
por cierto si tomaron este trade a la inversa en julio cuando lo pase hasta ahora deberia de haber +3000pips solo con este par.
no lo tome cuando rompio... estaba de viaje y se me olvido.
Intraday planAs shown on the chart
Break of the trend line may be the wave C of an assumed three wave pullback.
We may construct a future channel, based on a couple of assumptions:
- wave A hits the future median trend channel
- channel needs three points (the third one - assumed end of ABC) to project the length of the final upmove.
Good luck!
