Long SEKNOK @ 0.9140: TP @ 0.93235, SL your choiceLong SEKNOK @ 0.9140: TP @ 0.93235, SL your choice
SEKNOK trade ideas
NOKSEK Buy SignalPattern: Ascending Triangle on 1D.
Signal: Bullish since the 1.0890 Resistance broke upwards.
Target: 1.1000 (lower 1W Resistance).
NOK/SEK: Pullback complete?The recent recovery is classified as a counter trend move. Now that this recovery has reached the 38.2% retracement as well as the MA200 (not shown) from the down side, I expect the setting of a new lower peak on the medium to longer term charts. After some consolidation pressure should mount again leading to a resumption of the primary down trend. Focus remains on ~1.0230 and the projection at 1.0100 for the next 3-6 months. It is imperative that the resistance cluster 1.0550<>1.0620 holds out over the next 2-3 weeks.
Not a "screaming sell" , but a good opportunity with very friendly risk-reward.
NOKSEK Sell SignalPattern: Rectangle on 4H.
Signal: Bearish as the price is just under the Resistance Zone.
Target: 1.0725.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.E8 STRUCTURE UPDATE
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
NOKSEK: An Excellent chapter in the ongoing storyLook for 1.1150-1.1200+ with support finds at 1.0950 and 1.0800. MT support finds at 1.0675
Both targets hit. Support test ahead. Short.Both long and short targets hit on NOKSEK as the price made a two-way swing within the Rectangle's 1.09456 Resistance and 1.07445 Support. The 1W Rectangle remains valid (RSI = 56.591, STOCH = 52.647, ADX = 18.466) and we will continue applying a scalping approach, currently on a short aiming at the 1.07445 Support (TP).
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
NOKSEK Reverse Head and Shoulders Pattern on 1D ChartAs you can see from this 1D chart, there is an inverse head and shoulders pattern and the neckline got broken a few days ago which signals that the pattern is complete and it is ready to go up. Moreover, the price is still above the moving average which tells us that the price is still in an uptrend. Therefore, we can buy NOKSEK at this pullback and aim for the price objective as shown in the chart
SEK advancing remains on the agenda=> For those following our USDSEK idea you will know we believe the negative SEK flow is something that has run its course.
=> Oil is starting to look very heavy at the highs, the boat is fully loaded with almost 90% are now bullish. In the oven we have more advancements coming on the electric side which will likely show a clear inflexion point for the end of oil as we know it adding further pressure to NOK.
=> The Riksbank like a deer in the headlights has been put under pressure domestically for allowing the SEK to slide. This will change going forward as the ECB unwinding its asset purchase program begins to take the spotlight in Q4 giving the Riksbank more policy flexibility.
=> Both NOKSEK and USDSEK shorts make sense moving fwd.
=> GL all
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
Rectangle Pattern on 1W. Scalp.NOKSEK is trading within a long term Rectangle on 1W (Williams = -53.421, CCI = 12.5397, Highs/Lows = 0.0000) with 1D indicating that at the moment the price is on the pivot (RSI = 51.985, ADX = 17.916) with both directions equally probable. We will be scalping within the Resistance (1.09456) and Support (1.07445) lines indicated in blue.
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
meanwhile in the forgotten land of scandinavian forex ....while people are stuck and excited on the big pairs .... and losing a lot of money, the best pairs are the forgotten ones. noksek is closely monitored by the swedish and norwegian central banks, so that there is no big deviation so no big losses on your account, and the moves are repetitive like a parrot. we have reached again a situation with a parallel UBB, MM and LBB, nothing more perfect than that for a calm and without risk move on noksek. it will decrease steadily with a first corrective bounce at 1.04 (because of the first geometric blockade on a weekly zoom). just short noksek, and wait .... if the monthly candle creates an opening upward of the slope of the UBB, it will completely invalidate the move, noksek will be able to drift upward again, but you will see it coming as noksek evolves smoothly and slowly, so you will have the time to see and react before accumulating big latent losses.
