GBPNOK trade ideas
GBPNOK!We are still persistive on an upmove on this pair, despite the too many corrective structures and price keeps falling, we believe this market will rise correctively to complete the (abcde) triangle formation.
Trade with care use a stop loss.
GBPNOK FOR MORE UPSIDEWATCHOUT FOR CORRECTION ON THIS PAIR TO BUY MORE.I BELIEVE IT WILL BUY TO THE TARGET INDICATED BY MY ARROW.AT THAT LEVEL WE WOULD EXAMINE THE STUCTURE TO SEE IF WE WOULD HAVE MORE UPSIDE OR DOWNSIDE DEPENDING ON THE NATURE OF CORRECTION.
GBPNOK AnalysisBuying opportunity on GBPNOK. Waiting for a clear breakout and retest, then we will enter for buy
GBPNOK where to sell? 🦐The market has recently broke the weekly structure in red and now is just retesting it.
Price has been pushed below few times by the EMA.
According to our strategy we can set a nice short order.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
GBPNOK Sell SignalPattern: Channel Down.
Signal: Bearish as the price is below the 1W MA20.
Target: 11.1000 (potential contact with the 7 year Higher Lows trend-line).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Previous GBPNOK signal:
GBPNOK MULTI TIMEFRAME ANALYSIS Another gift from me to you :)
As we can see on GBPNOK from a weekly point of view we have formed an over extended M formation - as we know when we get a pattern like this we have a high probability of a pullback to neck line - highlighted by the blue line
Looking on the daily we can see price is starting some bullish action, we have broken some daily resistance, and as we now broken resistance turns into support
We will be monitoring price action of this pair to see if we can get an entry long with a very nice high reward to risk trade.
Thank you for taking the time to read this
GBPNOK JUNE 1-5FOLLOWING LAST WEEKS DOWNTREND
WAITING FOR RECTANGLE TO BREAK OUT OF CONSOLIDATION
4 HR FULL BEARISH CLOSURE BELOW 11.94389 CONSOLIDATION, ENTER SHORT
GBPNOK!This upmove is in sight but getting that entry will mean, trying most buy entries on m15 timeframe...
GBPNOK 4HWe are at a key support line. I’d wait until we get a higher timeframe (4H) confirmation of a push up before taking a buy position.
