false breakout at the 10$ level?technically, we have a false breakout from the 10$ level.
if we will have a summer rally in stocks, we can give it a try with a short on this pair
USDNOK trade ideas
usdnok 2 scenariosusdnok 2 scenarios .. 1]buy after the break above the resistance 1 .. 2] sell after the break under the support 1 and 50ma
USDNOK Sell setupUSDNOK is approaching a very key supply level. This is a good sell set-up as this is a fresh level.
THE HOLY GRAIL TRADE SIGNAL Buyers broken bearish pullback and it going to retest the high with the possibility of breaking the trend line and retesting the center
USD/NOK End of trend. Second attempt.Turtle soup pattern.
Just stopped out of first attempt.
Ready for another SL on this attempt.
Will fire again, with failure on upper trendline.
Any break above upper trendline.
should be a parabolic trust up, so plan is to go long if that scenario occurs.
Risk: 1% SL above daily candle with some wiggle room.
TP target: 8.6
USD/NOK End of trend.Price hacve hit a trendline and showing signs of exhaustion.
10.00 is also a major area for USDNOK, only been above this level once according to my memory ( covid crasy )
I expect price to come down and test the lower parallell trendline projection and with that confirming a channel.
Rate decision on thrusday 23 of june, and price likes to move before the decision and accelerate after the news.
Hiding stops above recent daily high just in cause my analysis is dead wrong.
USDNOK Potential Buy OpportunityWatch how USDNOK currency pair reacts to price level 9.76525. I am expecting a "bounce up" from 9.76525 price level.
USDNOK moving downUSDNOK has peaked for now, above is weekly chart. At least another week of loss before attempting another high. USOIL moving down from a peak also, USDNOK correlated to oil commodity.
USDNOKFirst, it will experience a return upwards and a collision with the resistance area, and then it will go down to the supportive blue trend line. If the pattern line is broken, we will have a drop to the take prafe point.
USDNOK SELLThe third wave has ended, and the fourth wave has begun to fall. You can go short, and the target is as shown in the figure.
USDNOK: Rounding Bottom??Main Pattern: probably weekly rounding bottom
Entry now, Stop 9.45 Target 10,80~
WEEKLY ANALYSIS FOR USDNOKI used price action knowledge to gauge the momentum of the market and determine the weekly bias.
USDNOK!We still forsee this ferocious drop coming against the dollar.
Based on this wave analytical structure, we can see a bearish corrective range that could usher in a sharp drop.
Trade with care use a stop loss.
USDNOK BUY NOWBuy this pair now at current price 9,42200. Do not have time to write too much. It will go higher soon. Check my previous analyses.
USDNOK buy nowSuggesting to buy USDNOK now at current market price 9,3268. Small size, maybe we will need double this position. Update later.
USDNOK 4H Sell Idea Pivot Point SuperTrend and Price ChannelUSDNOK reached the top of the Price Channel and seems to move nice down again to the bottom of this channel. Using the 4H charts with Pivot Point SuperTrend and Price Channel.
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usdnok break resistance and strong buy moveusdnok break resistance and strong buy move up resistance
USDNOK 07/04/2022Weekly:
inv h&s
Fakeout
Daily:
Bullish M
We expect to reach the -27
4H:
inv h&s + Bullish M
We had a fakeout after a fake out, which gives me more confidence to take the trade long
