SEKNOK trade ideas
NOKSEK 09/16/2019Pattern: Rectangle on 1M.
Signal: Bearish as the price was rejected on the 1M Resistance Zone.
Target: 1.0455 and 1.0215 in extension.
Trendline resistanceStochastics confirms short position. Market is trending - ADX on 4 hrs is at 55.
NOKSEKExcellent movement from the harmonic pattern all the way to OB
Expecting another retest into the OB then some buying
Lets see how it goes
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NOKSEK - 240 - Watch the levelsTrade idea
This is just a quick shout-out for NOKSEK. We will wait for a break of one of the highlighted areas first, before examining a further directional move.
The break might not happen today, or in the beginning of next week. The pair might wait until Wednesday, when the Riksbank comes out with the interest rate decision.
The chart is self-explanatory, so please the levels and targets.
Always have your stop-loss in place.
The NOKSEK strikes again - $NOKSEK H1Another nice little trade this morning on the $NOKSEK this morning.
Take Profit1 and TP2 hit. Stop Loss moved to position 2, locking in 8 points.
$NOK $SEK
The NOK/SEK - a hidden gem?Is the good old Norwegian Krone and Swedish Krona pairing a hidden gem?
Most strategies seem to have pretty good results with the pair,
and on most timeframes
the margin required is fairly small
Yes the spreads can be a little wider than the majors, but I think this is a pair that is definitely worth looking at.
And definitely on worth looking at with the RJT Continuation Strategy.....DM for more details
NOKSEK - 240 - Quick updateThis is just a quick update
After finding good support near the 1.0845 hurdle, NOKSEK rebounded somewhat. Now we are keeping an eye on two potential breakout levels (highlighted).
If the pair breaks above the 1.0885 barrier, this could lead to a larger correction, potentially hitting the 200 EMA on the 4-hour chart.
A drop below the 1.0845 obstacle would confirm a forthcoming lower low and NOKSEK would continue with the prevailing downtrend.
Please see the chart for levels and targets.
Don't forget your stop-loss.
NOK/SEK LONG (Continuation)Congrats to everyone on telegram who followed this signal. We now place trailing stop and look to a continuation move.
NOKSEK - 240 - Scandinavian BattleTrade Alert
As we can see, the Norwegian Krone continues to outperform the Swedish Krona. The pair keeps on climbing higher, but is now finding strong resistance near 1.1020 barrier. If the rate struggles to overcome that barrier anytime soon, we may see a small retracement back down, leading NOKSEK towards the short-term tentative upside support line. But we will only consider a deeper move lower if we see a break of that line and a rate-drop below the 1.0945 zone.
Please see the chart for levels and targets.
Don't forget your stop-loss.
Long SEKNOK @ 0.9140: TP @ 0.93235, SL your choiceLong SEKNOK @ 0.9140: TP @ 0.93235, SL your choice
NOKSEK Buy SignalPattern: Ascending Triangle on 1D.
Signal: Bullish since the 1.0890 Resistance broke upwards.
Target: 1.1000 (lower 1W Resistance).
