USD NOK long from demand zone Not the best demand zone, so I will enter with confirmation not limit order.
USDNOK
USDNOK Elliott Wave Application (feedback appreciated please.)I was reading over the weekend and really trying to understand how to identify inner waves of the larger Wave to get a better idea of structure inside of waves. Another area of learning for me was the correction waves, going over simple and complex and that brings me to this example here. As we are coming off a large 5- Wave completion, we got a ABC correction where C corrected 100% of Wave A. Following the correction the sub-wave count of the next push was a inner 5-wave move, not ABC, which makes me believe that the correction is actually completed and Wave 1 of next move is confirmed. Giving that situation i believe the sub-wave count can start for Wave 2 and we can find entries to get in on the 3rd Wave.
Any feedback, input or clarification is highly appreciated guys, always a student of the charts!!
Happy trading
USDNOK BAT ATTACKHello everyone here we might have a chance to sell the breakout of the continuation pattern. Targeting the completion of the bullish bat pattern
Cheers
Down Trend Confirmed The 14. of March it failed making new highs. Didn't get much support yesterday to stay at 10ema. Indications is leaning towards a short, but major moving averages is coming up, and one should be aware that it might mean it'll zig zag in the shorter term charts. Pretty lofty SL I have set for my self. Looking through the macro economics show that Norway isn't as strong as they used to be. Currently I believe more in the dollar.
USDNOK: Potential bullish bat patternHi traders,
On the USDNOK 4H timeframe we have a potential bullish bat pattern taking shape.
Entry: 8.19305
Stop: 8.14375
Target: 8.31034 = R:RR 2.38
Good luck traders!
USDNOK 17 Feb 2017After ride to suport level, time for retracement 38 or 50% (come back to ICE) and continue move down.
UsdNok Tremendous Short Must TakeIt is one of the best looking shorts with perfect upper rejection market failing to move higher.
I see lot of bearish people coming in and it seems like this is the max limit for any upside i am expecting way move down towards 8.266 levels decide your way.
Trade with care Muze(usd/nok).
The Thursday USDNOK runI'm expecting USD data to be expansionary and for the Fridays Baker Hughes rig count to increase ,lowering the price of oil and pushing the USD up against an oil currency the Norwegian Krone.
USDNOKHello everyone, we have an opportunity to short this pair based on few patterns. I have highlighted the targets on the chart.
For any questions leave a comment or DM me.
Good Luck
USDNOK: We've been buying for 4 days on close so far......but now it looks like the bottom's potentially in. We'd like to see a bar breaking above a previous day high (PDH), whilst not going any lower from here onwards.
Price traced very clear 'Time at Mode' trends, up and down, and gave us precise indications of the direction, speed and targets for each move.
Since we got to a strong weekly support, and almost hit the daily downtrend target, we could see the pair move back up to the downtrend mode at 8.5356, within 2 weeks or less. The downtrend still has until next Tuesday to expire, when it will flash an additional bullish signal, so, be careful if going long. Risking a new daily low is ok for now but I'd rather not use a tight stop yet. (I have no stop, but sized it to risk 0.5% if we drop by one average range from here give or take.
Cheers,
Ivan Labrie.
USDNOK: Bullish bat patternHi traders,
On the USDNOK we have a potential bullish bat pattern taking shape. Entry and completion at point D.
Entry: 8.33216
Stop: 8.26198
Target: 8.52130 = R:RR 2.70
Good luck guys! I will be updating this post as time progresses.
