EURNOK trade ideas
EUR NOK SHORTFalling wedge trade with tp: 1.71499. I see a longer term trend on the hour chart which suggests the opportunity for the pair to fall even more, I will post this is the signals group.
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EURNOK - 240 - It broke the downside lineTrade Alert
As you can see, EURNOK has broken its short-term downside resistance line and moved slightly higher. This increases the pair's chances to move further up, where we could target the levels, at least seen around mid-May.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
EURNOK - 240 - Short-term ideaTrade Alert
EURNOK managed to move back up to its short-term downside resistance line. We are now waiting for the next move from either the bulls or the bears. We will keep an eye on the potential breakout levels (highlighted), before getting comfortable with further short-term directional moves.
Please see the chart for levels and targets.
Always have your stop-loss in place.
EURNOK- H&S formation inside bearish channel
- Will wait for retest of neckline before looking for short entry
EUR NOK LongI see a positive trend, with 2 opportunities for profit. tp1: 9.81749. tp2: 9.83563 Sl: 9.77744
*Risky Trade* approach with caution, also well done to everyone who followed my previous signals and in the telegram group it has been a very solid week.
EUR/NOK will dropIf we get a close below entry point and pullback towards the blue line, then I believe that shorting will be a way to go
Waiting signal on EURNOKif the EURNOK manages to break its major resistance zone at 9.87311 then it will be a buy until its previos major resistance zone at 10.03895
or if it is rejectecting that level and giving any reversal sign then we can sell.
EURNOK : Norges Bank is most likely raise rates in JuneScandinavia’s richest corner breaks global central banking mold - Bloomberg -
As much of the world’s central banking community goes into a defensive crouch, Norway is signalling it’s ready to deliver multiple interest rate hikes.
Governor says March forecast may imply 2-3 rate hikes in 2019
Norway’s oil wealth is allowing it to buck the global trend
Near-term Levels As described on the chart.
I will share the detailed report later.
