USDNOK-SELL strategy 4 hourly chartIt went higher as expected, and if one did buy near the suggested price, that would have been a good one, or it is a good one. Now we are once again at the highs, and likely it may spill over little more upwards, so we select a SELL level again.
Strategy SELL @ 10.7575 - 10.8000 and place SL above 10.8350 and take profit @ 10.5575.
USDNOK trade ideas
USDNOK-NEUTRAL SELL strategy 4-hourlyThe pair is locked in within a larger triangle, and it is difficult to determine which way we will go. The stochastic is looking neutral to positive, but considering the NOKZAR strategy, there will be more selling pressure in this pair, is my viewpoint.
Strategy SELL @ 10.6250-10.6550 and place SL above 10.7350. Profit order somewhere @ 10.4350.
USDNOK-NEUTRAL BUY strategy 4-hourlyThe pair has as well reacted to the "false bull flag pattern" conditions. we corrected lower, and likely we see further move lower in coming sessions. However, we are near support trend line suggesting we should take back the SELL position.
Strategy BUY @ 10.4350-10.4500 and place SL below 10.3875 and take profit @ 10.6550.
USDNOK-SELL strategy 4-hourlyThe pair manages well within the range, and dependent to how aggressive or conservative one wishes to threat the waters, I felt lower BUY levels, would be better based on the assumptions we observe. Now we are touching the upper levels, and now I feel its ok to try the SELL sell again.
Strategy SELL @ 10.5300-10.5600 and place SL above 10.6450 and take profit @ 10.3950.
USDNOK-RANGE strategy 4-hourly chartThe pair has been moving little higher, but its not convincing either way. I prefer to range trade it for now.
Strategy BUY @ 10.3550 area with SL below 10.2750 and profit order @ 10.4950
Strategy SELL @ 10.4950 area with SL above 10.5250 and profit order @ 10.3675.
USDNOK-BUY strategy 4-hourly chartThe pair has declined as expected, and likely has little more room below 10.3500. the stochastic is not showing convincing direction, and RSI is negative, suggesting further downside potential.
It is not a short right now, as the better strategy is BUY at the right level.
Strategy BUY @ 10.3050-10.3150 and take profit near 10.4500. The SL I feel somewhere 10.2750.
USDNOK-SELL daily chartThe pair seems to fail at the heights, and it feels we may be testing 10.3500 area in the coming sessions. Stochastic is high and this provides some warning to the validity of the current levels to hold.
Strategy SELL @ 10.4800-10.5100 and place SL @ 10.6000 and take profit @ 10.3350 for now.
USDNOK-BUY strategy Daily chartThe pair has been under pressure for good reasons, but as always, more severe than required. I feel the shape of the pattern may resemble "false bear flag" patter, and further low stochastic suggests careful, and the likelihood for move higher again.
Strategy BUY @ 10.1750-10.2150 and place SL @ 10.0450 and take profit @ 10.3850 for now.
11-12-2023 _ Short Term Bullish Idea _ USDNOK H4Bullish Trending Structure
Price holding above strong Support Zone and Dynamic Support
Hidden Bullish Divergence on MACD indicator, suggesting a move up
Enter at the break of the last HH.
Targets up to 100% Fibo Expansion in confluence with the Falling Trendline / Dynamic Resistance.