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NORWEGIAN KRONE / BRITISH POUND

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NOKGBP trade ideas

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
Long
by EliteTradingSuite
Quantitative Trading Group GbpNok AnalysisGbpNok Sell @ 12.70154 Tp: 11.9904 Sl: 13.0684 4 hourly time frame Our trading approach is solely based on a quantitative trading approach. We use a combination of momentum and reversal as part of the general strategy in quantitative finance to predict the net sellers and buyers in particular assets we trading. We are taking a sell on gbpnok on the H4 time frame as it has an accumulation of 5 net buyers with a quantitative power reversal commutative value of exactly 925. It is, however, difficult to illustrate this on this platform as it is restricted to technical tools.
Short
by MvPthequant