Jump Back In!We got stopped out by a parabolic move up but our thesis still stands and we just closed the 4H under the weekly tenkan. Our TP still remains the same zone.
Entry: 10.9523
SL: 10.936 ( very agressive)
TP 10. 810
R
EURNOK trade ideas
Fatigue?!Last week price failed yet once again to cross and close above the weekly kijun and the 11.000 resistance level. We know if price tries something and fails several times it will go the path of least resistance and in this case its down. The weekly tenkan zone from 10.778-10.800 is the target area. We take the trade on the 4H and it gives us better risk to reward ratio.
Entry:10.9360
SL :10.9875
TP : 10.7794
R : 3.04
EURNOK Buy Set UPLooking for a buy on EURNOK. The pair is having difficulty breaking the daily high. I advise you place your order only if the 4hr candle closes above that high.
eurnokpotential long if this bearish momentum stops here
first we got the impulse now were getting a flag pattern.
message me if you have any questions
EURNOK Possible 3R Swing Trade EURNOK broke above the H4 horizontal resistance area, and produced a nice impulse. Now, after retracing back, the price is breaking above a bearish trendline.
The pair is showing new HH and HL on H4. Once the price breaks above the last area of resistance, which is marked up on the chart, it's possible to long on a retest.
Risk Management is the #1 rule, you can't control the market, but you can control your risk management. Stay calm and risk 1%.
Nice buy opportunity for EURNOK aheadA nice buy opportunity for EURNOK ahead. (Btw, similar pattern on correlated pair CHFNOK if you prefer that one)
- upward channel, bouncing off bottom
- RSI and MACD in bullish area
- supported by important area (A)
I would buy around 10.96.
Target 1: 11.2 (previous resistance, mid-way channel)
Target 2: 11.5. (top of channel)
Let's see!!
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EURNOK ShortsHi traders, in this setup I am looking for short oppotunities on EURNOK.
Price broke the trend line and created a supply zone which I am looking at for price action to take shorts
