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NOK

EUR/NOK Long biasAccording to my set of rules, this set up I am showing in my chart is a high probability setup. we have large bullish candles, meaning there is a lot of buying orders. I'm not 100% sure it gonna go up from that zone. no one does, this is a probability game. so use proper risk management, I recommend 1%. Also, this can go a lot higher than what I have placed witch is a 1:3 RR. the reason I put 1:3 RR is so that you don't let your emotions control you and get all greedy. I also have a youtube channel if you guys want to check Me out. you can find me if you search Harley Lucatero
Long
by harleylucatero2
NOKJPY: Long term trading plan.The pair is trading within a standard Channel Down on the 1W chart (RSI = 38.708, MACD = -0.485, ADX = 41.103) since 2013. Three weeks ago it made contact with the Lower Low trend line of the Channel Down and priced a Lower Low. Naturally it has been rebounding since and is close to the 0.382 Fibonacci (14.000 as the High). The sequence is similar to the last Lower Low it had in June 2016, which after touching the 0.382 Fib, got rejected back to its 0.618 and then made a top on the 0.5 (from its November 2014 High). If the same sequence is replicated, then we should use the 0.5 - 0.618 Fib range (9.850 - 10.150) as the Dip buy Zone and buy every pull back towards the 0.5 (11.500). Then every rise will be the opposite, i.e. a sell opportunity towards 9.000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
by InvestingScope
ridethepig | CADNOK Market Commentary 2020.03.02Eyes on the technical breakdown in CADNOK to kickstart the week, a few important updates to make here as intervention begins globally from Central Banks and OPEC. For those tracking Oil you will know we got the massive meltdown that we have been expecting in the chart-pack since last year: I am tracking a much larger than expected cut from OPEC at 1mbpd and would therefore recommend trading a bounce in risk markets. The view of a cut from BoC this week seems a done-deal too - this will start the round of global easing. On the technical side, targeting a fresh breakdown into the stops at 6.8xx. Invalidation is found above the recent highs. Thanks as usual for keeping the support coming with likes, comments and etc!
Short
by ridethepig
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