NOKUSD trade ideas
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 9.15176 where it could potentially drop further to 9.12411.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK - 240 - Let's get another dropTrade idea.
Currently, USDNOK is stuck in a triangle pattern, but this morning, during the Norges Bank rate release, the pair slid lower, but was quick to come back into the pattern. Given that the pair already had an amasing run higher, there might be chance for a small correction back down. But before we could get comfortable with that, we will wait for a clear drop below our key support area.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
Short USD against NOKThere is a MACD divergence in the dailies. The weekly divergence is not so strong but good enough for a trade. The slow adjusted slow stochastics in both the time frames is at the top of the range.
Current spot is 9.0922.
Leave an order to sell USD at 9. 1010 (38.2 % retracement of the recent down move from 9.1822 with a stop loss at 9.1360.
Good Luck.
USDNOKOn this chart, we see a complete 5 Wave impulse, waiting for the breakout off the support, with a re-test thereof then we sell again towards the FTR or 50.00 Fib Retracement levels
USDNOK bounced from support, potential for a further rise!
USDNOK bounced off 9.12775 where it could potentially rise further to 9.21030.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK 1D- USDNOK in line with our reversal strategy has formed bearish divergence on the daily timeframe at a key resistance level suggesting we could see prices fall back into the weekly support level.
- Best area to short at 9.1096 by using SELL STOP.
- Brent Oil starts to push upside and this can help NOK to fall down.
Regards, GoldfXcc
USD-NOK | Long term only!How to spot trend changes and entry points. Yes the trend reversal legs can also be traded.
Not financial advice!
USDNOK - IntradayFor those who missed the initial entry at peak. You can attempt to enter the third expected drop today.
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 9.13967 where it could potentially drop further to 9.09081.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK potential reversal!
USDNOK expected to rise up to 9.18850 where it could potentially react off and drop down to 1st support at 9.11148.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK Short after a Stop HuntWe are expecting a long term reversal for this pair. We want to see it pullback slightly or completely back to peak before entering the short.
Then we can ride it down for the week
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 9.20590 where it could potentially drop further to 9.11148.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK potential head and shoulders patternLooking at USDNOK, it is at all-time high level at the moment. Looking for the formation of the H&S pattern. As USD seems to be topping on the DXY chart, expecting this pair to fall.
Good Luck!
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 9.20590 where it could potentially drop further to 9.11148.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK - SELL on H4 - rising wedge patternrising wedge pattern
lower low
=> waiting signal SELL
TP: 9.005
