EURNOK Short Opportunity Ideally, catch it at the swing high and short it back down to the trend line.
NOKEUR trade ideas
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
EUR NOK LongI see a positive trend, with 2 opportunities for profit. tp1: 9.81749. tp2: 9.83563 Sl: 9.77744
*Risky Trade* approach with caution, also well done to everyone who followed my previous signals and in the telegram group it has been a very solid week.
EUR/NOK will dropIf we get a close below entry point and pullback towards the blue line, then I believe that shorting will be a way to go
Waiting signal on EURNOKif the EURNOK manages to break its major resistance zone at 9.87311 then it will be a buy until its previos major resistance zone at 10.03895
or if it is rejectecting that level and giving any reversal sign then we can sell.
EURNOK : Norges Bank is most likely raise rates in JuneScandinavia’s richest corner breaks global central banking mold - Bloomberg -
As much of the world’s central banking community goes into a defensive crouch, Norway is signalling it’s ready to deliver multiple interest rate hikes.
Governor says March forecast may imply 2-3 rate hikes in 2019
Norway’s oil wealth is allowing it to buck the global trend
Near-term Levels As described on the chart.
I will share the detailed report later.
