NOKEUR trade ideas
EURNOK SHORT Price of Oil is oversold on MA Oscillators
Turmoil in Middle East
EURO is overbought on MA Oscillator against NOK
Use the trend line alert to your advantage to wait for conservative entry point
EurNOK Sell Hi All ,
Still Holding a sell on this pair . Entry and SL and TP marked . LONG term Swing ,
Many Thanks.
EURNOK: Possible bearish move.The pair is consolidating on 4H (RSI = 49.952) awaiting for a break out. 1D has followed a perfect symmetry so far on 1D (Inverse Head and Shoulders) and if the 1D MA50 breaks, we expect the price to test the 9.6450 Support.
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EURNOK Short Opportunity Ideally, catch it at the swing high and short it back down to the trend line.
EURNOK: TOP DOWN ANALYSIS SWINGEURNOK SWING SHORT
- Weekly (Bearish) : Multiple indecision candles with a bearish rejection
- Daily (Bearish) : Bearish candles overpowering bulls
- 4hr (Entry) : Head and shoulder with trendline break. Tweezer tops off new down trendline & 50 MA
EP: 9.74527
SL: 9.80945
TP1: 9.68129
TP2: 9.64723
www.pipkingsfx.com
Where is the momentum?While the general setup still has somehow bullish bias, it seems EURNOK is struggling to re-gain a real momentum to the upside. My indicators seem to be topish.
There is also a weak bearish Tenkan/Kijun cross.
Please note how close the 6 years bullish trendline is.
Price is also below weekly Kijun.
Key supports: 9,7150 / 9,63 (+/-)
We open some small short with 9,8425 initial stop. Size up only if price proves and breaks below the key levels.
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.
Please feel free to join the free signals telegram group: t.me
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
