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.
USDNOK trade ideas
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 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.
MACD and Candle Stick Signal!Please FOLLOW me and support this idea with LIKE if you find it useful.
Technical Reason: MACD and Candle Stick signal.
In Daile time frame we see a good buy signal, but wait for second candle stick will close for strong signal and you can take 400 Pips.
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