GBPNOK Horizontal Support Resistance, EMA 10 EMA 20, Trend, and Pin Bar Strategy.
I'm checking the situation on GBPNOK for few weeks and things are finally happening. I see a nice opportunity from weekly and monthly timeframes to end that descending triangle and break out from it back to the bullmarket, lower timeframes just confirms that! I'll wait for singnal to buy in that green reaction zone and specially on level 11.5621 which got the...
Hello new trader here working on my TA pls comment and leave feedback on how I can improve. Looks like GBPNOK could be buying today or tomorrow. I don't usually trade 1H so we'll see how it goes, this is simply a trade idea not a signal but the highlighted buy zone would be the ideal place to get in on this move. If you get in nice and early you could be looking...
GBPNOK on the 4 h chart After breaking the minor descending channel, broke above the resistance and currently retesting it. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure ->...
GBPNOK Horizontal Support Resistance
GBPNOK on the 4chart is moving inside a descending channel. The price after the last bounce over the monthly support at the 11.44 level starts a bullish move and now testing the upper trendline below a minor resistance. IF the conditions of Plancton's strategy will be satisfied, we can set a nice long order --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple...
It appears we pivoted. Bullish signals rang sounding clear. 1-2 pattern post pivot, beginning of Wave 3. Therefore, Fibonacci Goals in green, invalidation in red. Good luck - this is not financial advice.
The pair has just broken above the daily resistance now turned support and testing both daily resistance. As we can see its rejecting the fib step by step and will break above the structure.