The EURNOK pair brutally followed our last buy signal (July 09, see chart below) and easily hit our Target: The pair has now established a clear peak formation within the +1 year Ascending Triangle pattern, similar to the tops of Nov - Dec 2023 and June 2023, and is ready to extend the Bullish Leg towards the pattern's bottom (Higher Lows trend-line)...
The EURNOK pair has made contact today with the 1D MA50 (blue trend-line) as a Resistance for the first time since May 16. This is the start of the new Bullish Leg of the 1-year Triangle pattern. All bottoms (green arcs) have been formed when the 1D RSI broke below the 30.00 oversold barrier, so this is technically a medium-term buy opportunity. The previous...
The EURNOK pair is currently testing the 1D MA200 (orange trend-line), being at the same time supported by the 1D MA50 (blue trend-line). This ranged trade is the Higher High after the pair bottomed on December 27 2023 and started rising within a Channel Up. Based on the similar bottom rebound after the July 25 2023 Low, we expect the pair to reach the 0.5...
The EURNOK pair has topped on the long-term having made a Cycle peak on the week of May 29 2023. So far however, the 1W MA50 (blue trend-line) has (nearly) held twice as Support, but both rebounds failed to cross above the 0.618 Fibonacci level. This price action is very similar to the previous Cycle peak of March 2020, leading to a 1W MA50 rebound that again...
First things first: all hail the vikings! Why I like this trade: - NOK with the MUCH better fundamentals - NOK clearly undervalued on a longterm timeframe - Norges Bank quite dovish in their last meeting but could get hawkish again in march as -> inflation has massively surprised to the upside - inflation expectations on thursday will be key for NB - NB could...
First things first: all hail valhalla! Why I like this trade: - NOK with the MUCH better fundamentals - NOK clearly undervalued on a longterm timeframe - Norges Bank quite dovish in their last meeting but could get hawkish again in march as -> inflation has massively surprised to the upside - inflation expectations on thursday will be key for NB - NB could reduce...
Hello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/ On the Monthly & Weekly we have an ICI strategy forming, we already have an impulse and a correction we are waiting for the retracement to touch the 0.382 of the fibonacci taken on the impulse of the Monthly and Weekly. Entry is at the...
Pattern: Triangle on 1D. Signal: (A) Bullish if the Resistance breaks, (B) Bearish if the Support breaks. Target: (A) 11.800 (0.5 Fibonacci retracement level), (B) 10.000 (the Lower Support). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Pattern: 1W Rising Wedge. Signal: Bullish as the price made a Higher Low and bounced on the 1D MA50. Target: 10.300 and 10.400 in extension (greater risk though as the 1D RSI is on a bearish divergence).
As you can see EURNOK is near highest price (green line) and tested this line many times and fails to break this. its nice trade to sell at this price and put SL on top of that. in the other hand trend line (black line) is really strong and had been test for many times and again fail to break that. so we can take short here till target 1. if trend line breaks,...
Pattern: Ascending Triangle on 1W. Signal: Bullish as the price rebounded near the Higher Low trend line. Target: 10.000.