SELL USDNOK update (failed)This post is only for portfolio purposses. Trade along if you like. Trading comes with risks.
USDNOK trade ideas
PONTENTIAL SELLS ON USDNOK The market keeps on failing to break through the resistance above the market. You will understand what I'm saying more once I start posting recorded videos cause I can't explain things here the way I'm trying to.
SELL USDNOKThis post is only for portfolio reasons only. Trade along if you like. Risks are involved trading. Only put on the line what you can afford to loose.
USDNOK - BEARISH MOVE 📉Hello Traders!
On The Daily Time Frame The USDNOK Price Reached A Supply Zone (10.72880-10.78004).
Currently, The Price Failed To Create a New Higher High 📉
Moreover, The Support Line is Broken !
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 10.39030🎯
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if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
USDNOK-SELL stragegy Daily chartI feel we may see lower levels in the near term. If we can respect 10.7200 and 10.9200, likely we will see a test of 10.2300.
The GANN resistances are the ones we should observe, and further, when protected by them, we should see south of the border.
Strategy SELL # 10.68--10.7200 and again higher @ 10.9075. Stop-loss above 10.95 and profit at 10.2750 for now
USDNOK-SELL strategy Daily chartThere is strength in the pair, and USDZAR has come back as well in strength. However, we are near GANN resistance 10.7400 and 10.9200. The stochastic is high 90.0 so I suspect we must carefully continue to SELL the pair. It is difficult to change view point in this case, since we did not correct the pair as yet, as the conditions have not changed technically, is my viewpoint.
Strategy SELL or ADD @ 10.7850-10.8250 and place stop-loss above 10.9750. Profit order @ 10.3250 for now.
USDNOK-SELL strategy daily chartNo change in view. We are protected well at GANN resistance above 10.7500, which is slowly declining. The stochastic is negative, and RSI is POS.
The pattern suggest we should see lower, and considering the NOKZAR cross, this paiur should hit south as well, same as USDZAR did in the near term.
Strategy SELL @ 10.58-10.65 and place stop-loss now above 10.75. Take profit @ 10.3750.
USDNOK-SELL strategy daily chartNo change in view. we are in a wide playing field 10.2300-10.7600 within the GANN angle
The stochastic is negative and RSI is positive but at the higher end, but not extreme. Basing on the large move seen in the past, we should seek SELL side is my personal view.
Strategy SELL @ 10.5900-10.6500 and place stop-loss above 10.7675 for now. Profit order @ 10.2950.
USDNOK-SELL strategy weeklyThe pair also had a strong run last weeks after break of GANN resistance @ 10.3200 area.
Now we are in overbought territory and likely a pullback is possible. The RSI is overbought, and stochastic is showing signs of turnaround.
Strategy SELL @ 10.6500-10.7200 and place stop-loss above 10.7800 for now. Profit order @ 10.3500.
Exploring Minor Trends in Trading
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USDNOK-SELL strategy Daily The pair is still locked in within the wide range 10.0800 - 10.3800 rounded. The pattern is a continuation pattern (quite likely), and this means we should look SELL in to rallies.
The stochastic is negative as a note.
Strategy SELL @ 10.25-10.35 range and take profit @ 9.8350 with a stop-loss @ 10.4100.
note: am away for 10 days roughly and may not always update.
USDNOK-SELL stragegy Daily chartWe are in a range for now between 10.3850 and 10.0300 area. The shape of the channel suggest it will become a continuation pattern, and for that reason I prefer SELL into rallies. The range will remain wide, so we require deep pockets for this one.
The stochastic and RSI are turning, but not confirmed SELL as yet. Pressure exists though, and for that reason I feel we remain or should be short.
Strategy SELL @ 10.2300-10.3150 (or sooner depends to your risk appetite). Take profit @ 9.8350. we need break of 10.0300 of course, but am estimating the GANN angle and it feels we go south more than before. Stop-loss above 10.3950 only.
USDNOK-SELL strategy 4 hourlythe pair starts to topple tiny bit, and looking at the channel, we are at the high, and we shouod be able to see 10.12-10.15 again.
Strategy is SELL current 10.2650-10.2800 and take profit @ 10.1550 for now. Stop-loss above 10.3350.
USDNOK-BUY strategy Daily The pair shows weaker motivation on the corrective move, and this is due to the NOKZAR causing more SELLERS on USDNOK. This may be lesser now, and should give room for a rise.
I would be careful in terms of entry level, but overall objective is 10.4600. The weekly chart is positive for USDNOK.
Strategy BUY @ 10.15-10.2300 and take profit @ 10.3700 for now. Stop-loss below 10.0250.
USDNOK-BUY strategy 4-hourlyt feels the pair has been behaving like a fixed exchange rate. we have range for many, many sessions, and this may discourage anyone for committing to a trend.
The cloud is supportive with support 10.0400 (base cloud) and 10.1390 above cloud.
The base- and conversion line are identical, and for the rest stochastic is NEGATIVE.
The daily chart shows we are positive for higher levels to be seen.
Strategy can be twofold:
1. BUY @ 10.1500 and place stop-loss @ 10.0250, and taker profit @ 10.3750
2. SELL @ 10.1900-10.2100 and place stop-loss @ 10.2350 and take profit @ 10.0575.
USDNOK-BUY strategy Daily chartSame issue as with the USDZAR pair. We have a wide range to trade within, but now we are positive stochastic and RSI and makes the case stronger for move to 10.3700.
Strategy BUY @ 10.05-10.15 and place stop-loss belo0w 9.9150. The profit order @ 10.3575 for now. Keep in mind we have strong resistance 10.2150 and need to be overcome. Overall, we will see north, is my personal view.
USDNOK: Confirmed Bullish Butterfly at Structural Demand LineUSDNOK is sitting at the Demand Line of an Overall Bearish Ascending Broadening Wedge Pattern that happens to align with the 1.272-1.618 PCZ of a Bullish Butterfly; along with that, we have PPO Confirmation, RSI BAMM, and a MACD Bullish Crossing. Given the scenario, I can see this trying to retrace up 50-88.6% of the Harmonic Range before coming back down and confirming a partial rise, after which we will then possibly have to look for opposing Bearish signals.
USDNOK-BUY strategy Daily chartThe pair has been trading within a well defined band, and has been under pressure or support from NOKZAR pair, which has been hammered down.
The stochastic is POS and so is the RSI.
Strategy BUY between 9.9700 - 10.0450 and stop-loss below 9.9150. The profit order I suggest 10.3800. Mind the resistance @ 10.2100, and perhaps we trade it when approaching.
USDNOK-BUY strategy Daily chartSlowly the case is building for a move upwards into the 10.3000-10.4500 case.
The reason being, we are supported by GANN support 9.9700 area (on a closing basis), and strong DC support near 9.8400. The stochastic is reluctantly POS and th RSI is not as yet.
Strategy is BUY @ 9.9800-10.0400 range and place a stop-loss below 9.8400. The profit objective @ 10.3700.
USDNOK-SELL strategy 4 HourlyThe channel broker, and also we moved from POS to NEG stochastic and a NEG RSI as well.
It feels we may test lower levels first, and likely we may see somewhere 9.8850 before we may see meaningful move back towards 10.1100 again.
Strategy SELL @ 9.9850 - 9.9950 and place stop-loss above 10.0650 and take profit @ 9.8875 for now.
USDNOK-Mixed strategyIt depends to the overall purpose. If we look at the 3-hourly chart, we have resistance 10.0940 area DC top, and support GANN 9.9700 roughly. So we would play between those bands short-term. If take the daily chart, we got DC support below 9.9200 and for the rest we are open until 10.2100.
Strategy 1 - SELL current @ 10.0750 and place stop-loss above 10.1025 profit @ 9.9850
Strategy 2 - BUY @ 10.0450-10.0700 and place stop-loss below 9.9200 and take profit @ 10.2075.
USDNOK-BUY strategy 4 HourlyThe pair has been quite under pressure, and p0erhaps for the wrong reasons.
Currently, we have managed to move beyond 9.9900 and this helps the pair to recover further.
The strategy is BUY @ 9.9950-10.0400 and take profit @ 10.1200 for now. Note that 2-hourly stochastic is reaching heights, and it means the move will not be a one-way bet.
Stop-loss can place below 9.9350 for now.
USDNOK-BUY strategy Daily chartThe pair as like all others hammered down due to CPI and PPI. Markets are always extending moves, and that creates challenges.
The stochastic as well RSI show that there will be a turnaround the corner. We have moved below the regression channel, which in most cases will realign. Yes, its tough, but with the right leverage we whether the storm nicely and add current levels to create benefit.
Strategy is ADD further between 9.9100-9.9500 again. Profit order for daily chart should be at least 10.3800 area or higher for now. Managed positions is always the key in such dramatic movements, that are overdone. Enjoy the ride.
