USDNOK idea short USDNOK idea short
The price reached the top line of the channel and turned around , I expect a drop
USDNOK
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!
Eur Hkd inverse The direction of the present trend of of inverse Eur usd in the future is the same of sp500 , strong long and then strong short for eur usd .
Pending shortFIB 161.80 extension then we will short it. Until it reaches the high, we need to be patient and go for a great short.
USDNOK Bearish??USDNOK potential bearish. Price making double TOP.
Next target 1 / Target 2
#silverpips
Usd nok inverse weekly & Copper Copper short & Crude Oil short by Usd nok Inverse weekly fractal study . error in chart : no cg1! but hg1!
USDNOK ReversalThis pair is moving in the direction where we can attempt to capture a Short Trade off of, using a tight stop loss using our historical price range. Some can wait for Candlestick readings but the previous wick in this area of local resistance tells us that there is a possibility that price can reject this zone, if not then no harm done with proper risk management.
USDNOK idea short and longUSDNOK idea short and long
I expect a correction and the continuation of the buul trend to the upper line of the channel.
USDNOK DRESISTANCE HIT ON USDKRONE FOR A POSSIBLE SELL LOOMING check my analysis on INDEX:DXY we predict fall of Dollar. kindly like comment and share the analysis. Thanks
Short the HUGE optimism in USDNOK After selling off in December, NOK has been the worst-performing currency in the G10 space.
There has been a huge upwards move in USDNOK without any meaningful correction, so this is a pretty good opportunity to open a short position with a wide stop-loss.
ridethepig | Apple in the worm for CADNOKA very good time to update the short-term flow setup for CADNOK after such a brilliant squeeze. For those tracking the 2020 Macro flows:
This week we have a simple technical move in play. A textbook case of "Apple in the worm" as it seems to me a poor choice of the moment for buyers to continue the advance. Extending the characteristics position (= swing configuration) by letting buyers go overboard and bet on momentum while the macro defence can be a reliable guardian.
A better move is to sell the 6.99xx highs here with targets located initially at the support levels 6.865xx.. and then perhaps 6.47xx. The business of a bullish NOK did not become an attacking instrument; stops can be kept comfortably above the 7.00xx handle.
Good luck all those trading CADNOK in the coming sessions, as usual thanks for keeping your support coming with likes, comments and etc!
USDNOK Double TopWaiting on Price Action to Break Below therefore needing to retrace to its previous level that was broken (minor swap level). Proper Candlestick pattern will Confirm entry to the downside.
