EURNOK trade ideas
EUR/NOK Short Idea Price respected trend line, and reached oversold territory. Impulsive move to the downside has happened. Expecting pullback before price drop to 50% or 61.8% fib level. Trade at your own risk.
EUR/NOK 10 Year Resistance Level - Potential Reversal Hi, I shorted EUR/NOK at the 10 year Resistance level from 2008-2018
Weekly Pin Bar and at the Upper BB. The price was rejected.
Stoploss would be above 10.06
I am holding long term short as long as it goes down.
EURNOK AssessmentShort opportunity emerges as EURNOK reaches the tip of an ascending wedge on the weekly chart.
EUR/NOK : Trade Setup !!EUR/NOK , SELL at Current Price or After Breakdown .
You Can Also Set own Risk Reward ratio .
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
You'll Love this EURNOK short... Testing Monthly Supply ZoneThis thing is going to drop. This is a basic S&R trade here. No brainer.
Watch for reversal signs on lower time frame and SELLEURNOK underpinned by rising wedge on weekly chat. Big fall ahead through 2019
EURNOK possible scalping entry M30Possible formation of bullish bat pattern at previous support level .For a buy at 9.64356 , TP at 9.6608 and SL at 9.63227 you get a RR of 1.5
EURNOK - H4 SHORT SETUP - TTS-IIEntered SHORT on on EURNOK after the break and confirmed retest of the support turned resistance at 9.70000.
Monday gap has broken the 20 SMA as well as the range support and waited for the confirmed retest of the previous support (now resistance) before entering SHORT.
TP is at 9.40000 (365 pips) which is the first logical level of structure while SL just above (or barely above) the trigger candle (180 pips), giving a potential risk reward of 1:2.
First Trading Week in December Great Setups for the following week :
- Some Forex Pairs analysed
- And an analysis on the BTC/USD chart on the 2H Timeframe
#EURNOK and #UKBRENT #UKOIL CorrelationWhen we look at correlations in charting, we sometimes see certain #FX pairs are correlated to a #commodity or #index, in this instance I am giving you an example of #EURNOK vs #UKOIL #BRENT. These charts can help you make distinctions in the trend of the commodity, so when we see a #bullish EURNOK, you want to be looking a trades that are bearish Brent/UKOil, again this is not tick for tick, so, you will use confirmation like trendlines, underlying fundamentals etc. But you can clearly see the correlations. I suggest you try this with other markets, like #USDNOK #WTI #USDJPY #NIKKEI #SPX #10YR
EURNOK - 240 - Ranging...for now...Trade Alert
EURNOK continues to range between 9.6940 and 9.7700 levels. FOr now, we will stay put, but keep on monitoring key levels, in order to spot a possible breakout opportunity.
A drop below the 9.6940 zone could invite more bears to the table,which could open the path towards the next potential area of support near 9.6415, marked by the high of the 16th of November.
On the other hand, a break above 9.7510 might lead a bit more upside, at least towards the 9.7700 barrier, a break of which may get more buyers excited, as it would increase the possibility of seeing the pair moving towards the 9.8050 resistance area, marked by the high of the 7th of September.
Don't forget your SL.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with the Company.
EURNOK - DESCENDING TRIANGLE - NOT A TRADE IM TAKINGOkay looking setup, won't be taking it though, thought I'd share this anyway.
Reasons For Entry: Descending triangle, Failed breakout higher(big wick+shooting star), overbought
Entry:9.72149
Stop:9.76221
TP:9.64001
RR: 2:1
Buy EUR/NOKThis is just a journal for me. I strongly warn you to not take this in your real account. Good luck!
EURNOK Sell IdeaEURNOK Sell Idea @ Daily Supply Zone (9.75401 - 9.80640)
Sell Limit: 9.74897
Stop Loss: 9.81383
Take Profit: 9.60227
Risk Management = 0.01/$100
Recommended Leverage not to exceed 1:50
Recommended Risk Ratio 1:1.5 – 1:3
Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level
Close partially the contract once it reaches 80% of the profit
Buy EUR/NOKThis is just a journal for me. I strongly warn you to not take this in your real account. Good luck!
