USDNOK Bearish Continuation Setup
🗓 Published: June 26, 2025
🕒 Timeframes: 1D & 4H
📍 Instrument: USD/NOK
📊 Technical Bias: Bearish
🧠 Analysis Summary
USDNOK has failed to reclaim the previous support-turned-resistance zone around 10.12–10.23 (highlighted in red). This rejection confirms a continuation of the broader downtrend that started in Q2 2025.
The current retracement into resistance provides a high-probability area for a trend continuation trade, targeting multiple support levels below. This setup aligns on both the 4H and Daily charts, increasing confidence in bearish continuation.
📍 Key Levels
Level Description
10.2336 Daily supply high / key resistance
10.1215–10.1191 Breaker block (supply zone)
10.0103 Minor support flip level
9.8500 Short-term target (horizontal level)
9.7565 Previous demand level
9.7469 Final target (major support)
🔁 Trade Setup
Entry Zone:
🔴 Enter between 10.12 – 10.23 (supply rejection)
🔄 OR enter on confirmation below 10.01
Take Profit Targets:
✅ TP1: 9.8500
✅ TP2: 9.7565
✅ TP3: 9.7469
Stop Loss:
❌ SL above 10.24 (above supply zone)
📦 Confluence Factors
Major breakdown from multi-year support zone (April–June 2025)
Retest of bearish order block (supply)
Large bearish volume in recent weeks
Continuation pattern with lower highs and lower lows
⚠️ Risk Note
If price reclaims and closes above 10.24 on the daily timeframe, this bearish setup is invalidated. Use position sizing accordingly and trail stops as new swing lows form.
💬 What do you think about USDNOK’s breakdown? Drop a comment and share your thoughts.
📉 Stay safe and trade smart.
Let me know if you'd like this formatted for direct pasting into a TradingView "Publish Idea" form or posted alongside another pair for a multi-chart setup.
Rendon1
🗓 Published: June 26, 2025
🕒 Timeframes: 1D & 4H
📍 Instrument: USD/NOK
📊 Technical Bias: Bearish
🧠 Analysis Summary
USDNOK has failed to reclaim the previous support-turned-resistance zone around 10.12–10.23 (highlighted in red). This rejection confirms a continuation of the broader downtrend that started in Q2 2025.
The current retracement into resistance provides a high-probability area for a trend continuation trade, targeting multiple support levels below. This setup aligns on both the 4H and Daily charts, increasing confidence in bearish continuation.
📍 Key Levels
Level Description
10.2336 Daily supply high / key resistance
10.1215–10.1191 Breaker block (supply zone)
10.0103 Minor support flip level
9.8500 Short-term target (horizontal level)
9.7565 Previous demand level
9.7469 Final target (major support)
🔁 Trade Setup
Entry Zone:
🔴 Enter between 10.12 – 10.23 (supply rejection)
🔄 OR enter on confirmation below 10.01
Take Profit Targets:
✅ TP1: 9.8500
✅ TP2: 9.7565
✅ TP3: 9.7469
Stop Loss:
❌ SL above 10.24 (above supply zone)
📦 Confluence Factors
Major breakdown from multi-year support zone (April–June 2025)
Retest of bearish order block (supply)
Large bearish volume in recent weeks
Continuation pattern with lower highs and lower lows
⚠️ Risk Note
If price reclaims and closes above 10.24 on the daily timeframe, this bearish setup is invalidated. Use position sizing accordingly and trail stops as new swing lows form.
💬 What do you think about USDNOK’s breakdown? Drop a comment and share your thoughts.
📉 Stay safe and trade smart.
Let me know if you'd like this formatted for direct pasting into a TradingView "Publish Idea" form or posted alongside another pair for a multi-chart setup.
Rendon1
Trade active
First target reached
Do not have 30K followers, do not have to share 15 trade a day, because you pay subscription, do not live from subscription, but sharing my knowledge trades and signals. For free. If you want to join, you are welcomed. t.me/+CE3Vdc5m72w4MjRk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Do not have 30K followers, do not have to share 15 trade a day, because you pay subscription, do not live from subscription, but sharing my knowledge trades and signals. For free. If you want to join, you are welcomed. t.me/+CE3Vdc5m72w4MjRk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.