USDNOK bullish bat in formationIn the making now, but wont enter until we get confirmation of a reversal. But this level is one that is respected well by this pair.
USDNOK trade ideas
USD/NOK Possible LongUSD/NOK Multiple Time Frame Technical Analysis:
This seems to behave locally according to the (-- Three Drives Pattern --)
It already (-- MADE ALL THE RETESTS --) and is supposed to hit the next drive up.
-- The Price is supposed to hit the Target Level 1 within the range of 10.80 -- (-- High Risk --)
-- The Price is supposed to hit the Target Level 2 within the range of 11.10-- (-- Normal Risk --)
The Risk to reward ratio indicates a high risk because Its a little bit late to enter the trade.
Trade Wisely
Note:
- These Forecasts are Observational Forecasts, and should not be used in applying any trading strategies.
- No Hedge Funds Analysis were included in the analysis. (-- Please Consider --)
USDNOK Long Trade - Entry 10.795Stop Loss = 10.476 / Take Profit = 11.7521 > Coupled with a 1% risk and 3% reward.
Once the trade reaches a 1:1 point move SL in front of the entry to protect the downside.
If it takes you out we can always re enter at another opportunity.
As the trade progresses i will comment every change to show you how i make to maximize profits.
Remember Risk/Reward is the key, we will take losses along the way but overall profit in the long run.
If you enjoy follow and like my ideas and if you have questions message me.
Keep Chasing that Paper!!!
USDNOKAs much as I want to see this thing go to Goblin town (ever since I made a sweet short-call, but didn't pull the trigger), if this rounded base remains and 10.8 flips, would be sad to see it go higher again. Clean break below 10.6 might invalid this horrible scenario and short redemption is in play.
Dollar Milk Shake would attribute, while NOK struggles.
Long USDNOK based on USOIL crashUSoil crashed today
Shortly Brent will follow, and USDNOK to go up
Not much movement has happened yet, good time to enter
USDNOK Setting up for a large decline.The USD/NOK is trading at historic levels, which is why you see mostly purple and light blue lines (monthly and weekly levels).
I think that once support gets broken on USD/NOK we'll see a significant decline.
A. Light Blue: Weekly Levels (W)
B. Green: Daily Levels (D)
C. Purple: Monthly Levels and above (MO)
D. Orange: 3 day levels. (3D).
E. Red: (12 hour levels and below.)
USDNOK LONG biasThis is #USDNOK Analysis. price just created new strong daily demand Area where we can set our Set&Forget based limit orders for the future. No matter how much time price takes to come back to the projected Area we will just wait to make our trades safe and healthier. best of luck
USDNOK Short Term LongFull Bear Div Cycle Triggered. Possibly finished point 2. Buy into point 3 swing to point 3. TP $11. SL $10.38.
USD/NOK daily perspective after a huge impulse the price has corrected to 0.5 Fibo and showing good respect to this level, and for now it seems pretty logical and obvious, that the price has to close the shadow and test the neckline. long.
Update on USDNOKPossible long trade opportunity on this pair.
Wait for a higher high, aswell as for the resistance at 10.692 getting broken.
If a uptrend is confirmed in your trading system, the first price target should be 10.911, the second 11.224.
Stop Loss is at 10.385.
Thanks for Reading :)
USDNOK Testing Support. Long TradeI have placed a buy stop order on USDNOK after seeing a bullish pin bar formed on support on the 8 hour chart. I also saw an inverted hammer candle form on the Daily chart on Friday and although my entry is later than what I wanted I am still bullish on this pair. Today ended bullish as well giving more confluence to my bullish bias.
