EURNOK Resistance + very bearish price actionTook a position two days ago on 9.08 due to bearish price action and resistance on 100day average + 0.382 fib. Got some very bearish candles these last two days confirming the bearish bias with first TP on 8.93 area. Also hoping for a break of the rectangle and a continuation of the downward channel/trend. Shortby harveytrades4
Can it be a major short for 2017?Well, the year has just started, but Norway Manufacturing PMI and its breakdown published this morning was very positive. --> Please see my today Twitter post Technically the pair is in consolidation, but very close to a major breakdown and strategic sell signal. Weekly: - Ichimoku has bearish bias (until price holds below Kijun Sen). Weekly support is 9,21+ - Heikin-Ashi may give a sell signal this week -> pls see how haDelta and haOscillator are rolling over. - EWO and MACD both bearish, but also both shows consolidation phase - Should price break the lower bound of the consolidation range (8,95), that would also mean a break of the 4 years long bullish trendline! Daily: - Ichimoku picture is neutral, Price is at Kumo supp/res. This Kumo cloud ahead. Lower key is Kijun Sen at 9,0225. A break below would accelerate selling. - Heikin-Ashi signal is bearish-like, with red, but still small candle bodies and haDelta/SMA3 below zero, but not yet confirmed. Shortby Kumowizard11
EUR/NOK will collapse soonOur algorithm has detected today a strong reverted cup and handle pattern on EUR/NOK in weekly (and also in 4H). The probability of a downtrend is 91% with the current configuration. Objective of gain is 8.5.Shortby fdeltenr3
EURNOK at important weekly levels - can we break the trendline?EURNOK is at important weekly levels again. Looking to short if we break the important trendline from even 4 years ago. First target is marked on chart, but potential for this to go even further down.by datura3
EURNOK : SELLHead and shoulder. Now it retest LOW. IF it continue, it proove that confirm wave 3 or C. TP around 8.56762Shortby karndam4
A major trendbreak? - 4 years trendline being testedFirst of all I hope you followed this trade idea in last two days on Twitter. Then you are already short in EURNOK. If you missed the Tweets, no problem, it is still not too late. I show you why. Weekly: - Ichimoku setup is bearish: Price is below Kumo and Kijun, Tenkan/Kijun is bearish, Tenkan and Senkou A point down. - Ichimoku basic rule of Kumo breakout says the break has to be validated by a lower low on next leg down. That would be around 8,90. This would also mean a clear break of the 4 years major strategic bullish trendline! - Heikin-Ashi gives a sell signal this week! haDelta and DM_Oscillator dip below zero. - EWO and MACD are bearish too. If it breaks down, next bearish targets are 8,50 and 8,35 Daily: - After some consolidation in the Kumo, and testing 100wma, it clearly turns back to bearish. I called for this trade back in June-July. I took profit in October, and I was waiting very patiently for the pull back and the consolidation. Yesterday I enterred short again. OPEC has changed the game, and Norway will be one of the big winners. As I also wrote in my previous posts, the Norwegian economy is very healthy with C/A surplus, no debt, but with already increasing inflation path! I really believe this can be one of the big trend trades in 2017! Shortby Kumowizard5
EURNOK Bearish oppertunnitytraders, Its been a while, got another oppertunnity to go short on EURNOK. Likely to see more downside on this pair! Best regards,Shortby TimBrentUpdated 5
TRIANGLE PATTERNWe have a triangle pattern on 4hr time frame in development There are a two possible scenarios: bullish and bearish. My favourite view is we will have a move to upside as there is a monthly trendline I have marked as magneta color. Wait for breakout first and enter trade with target as on chart. Structure might change still as triangles develope long time often. I will post update.by pablo82Updated 3
EURNOK bullish is resistance is broken !EURNOK entered a neutral phase and is delimited by an horizontal canal since beginning october. The price is currently fighting with its major resistance, if this resistance is broken, EURNOK will enter a bullish cycle.Longby fdeltenr1
EURNOK-Update: Bulls Strong, Upside Likely From Here! #ForexTraders, UPDATE: Price moving very well since last posted this pair (see related ideas) Strong bullish engulfing signal at the sideways resistance turned support. Bullish momentum to be seen here, to the highs of the range. Moving nicely into the highs of the range, expecting more upside. I hope you have a tested trading strategy to trade this move when it starts Thanks for your supportby TomProTrader10
EURNOK: Bulls Very Strong, Upside Likely From Here! #ForexTraders, Strong bullish engulfing signal at the sideways resistance turned support. Bullish momentum to be seen here, to the highs of the range. After such a gap down in FX, and an engulf, it shows the bulls are likely legitimate. Could be a very strong move. I hope you have a tested trading strategy to trade this move when it starts Thanks for your supportby TomProTrader228
EURNOK weekly overviewI know that it's not a popular pair, but maybe somebody is interested in. It seems we are near the next move down, so if it breaks, no doubt to sell and wait several weeks for big profit. Shortby Elliott_Wave_Count4