EURNOK trade ideas
EURNOKEURNOK- market map.
The price dont have any direct now, but if a lower support line holds well, it can be used as an entry zone with a small stop
EURNOKThe market is following Dow theory + AB=CD + Candle stick Pattern + Fib Retracement.
Market is likely to go down
EUR/NOK BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
After some time of sending us mixed signals
EUR/NOK is finally giving us a solid bearish bias
And judging by the price action at the lower timeframes
The pair is about to go down!
SELL!
✅LIKE AND COMMENT MY IDEAS✅
EURNOKThe probability of a bearish move is high due to various confirmation points. First, the price has broken a major trendline, second the price has been retesting the trendline for quite sometime.
EURNOK short the double top EURNOK has formed a nice double top close to the 38.2% fib. Unfortunately I missed the entry to go short, I will try to get into the trade once price retraces to the upside. The target of the short would be another touch of the bottom trendline. We also have a slight bearish convergence on MACD.
Goal: 7825.0 Units (EURNOK)Parallel Channel formed on EURNOK Weekly Time Frame. Enter a long position.
Pivot Point Entry Idea For Future Trades Enter at Pivot Point, 50% Retracement. Enter any value between 38% and 50% Retracement.
Loosing trade 3FX:USDNOK
Bias was long, Bought at just the right price,
trade closed intentionally at 9.70650
(Closed the trade early Because I did not like my entry)
, also my lot size was too big for a single trade,
was on the process of adjusting my lot size
to 0.05 - 0.1 lot per trade.
EURNOK Short Insight:
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- Oil clear break above 100
- EUR fundamentally weak
- Gas up
- Winter is near
Goal: -1738.9 (EURNOK)Expect EURNOK to decrease 1738.9 units. Horizontal Support and Resistance Level has multiple touches.
THE HOLY GRAIL- SIGNAL 30k 4 120 Accumulation at the bottom broke channel and sold a right shoulder pullback … with alternative bears bars late n the bear moves closing low is a failure and we can anticipate smart money will take the markets signal here n see a push up as a measure move at least with trailing target of 12.5 with a sl of the monthly low. That 30k pip target with 125sl.
EURNOK bullish confirmation pattern is forming I think that the EURNOK will go up significantly because of the confirmation pattern. After a few months, the pattern have broken and now the small confirmation pattern is forming. Thus, I have opened the long position on EURNOK
EURNOK 1:1 High probability TC setupInsight:
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- Below TC red line
- Below Vwap
- Above expectation Norway CPI
- Weak EUR into U.S. CPI release
EUR/NOKBullish breakout :
Entry price 10.30124
Take Profit 10.36439
Stop Loss 10.26060
Bearish breakout :
Entry price 10.21777
Take Profit 10.11907
Stop Loss 10.26060
EURNOK $EURNOK Initial ShortEURNOK $EURNOK Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
EURNOK SELLThe fifth sub-wave of the fifth wave may be a failed sub-wave that cannot go beyond the end of the third sub-wave and can be shorted.
