long USD/NOK?long op usd/nok if candle closes as a indesicion candle
FX:USDNOK
note not professional trader but as a hobby
USDNOK trade ideas
BREAK OF PAST STRUCTURE SUPPORT TO UPTRENDLINE SUPPORTSHORT ON A RETRACE TO BROKEN PAST SUPPORT NOW TURNED RESISTANCE. TARGET IS UPTRENDLINE SUPPORT.
USDNOK BUYChannel Zone
Previous resistance becomes support
Divergence on H1
Hammer H4
Profit : Fib Zones
Low risk or wait for retest or candlestick signal
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 8.92350 where it could potentially drop further to 8.79645.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 8.92350 where it could potentially drop further to 8.79645.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK - Bearish moodUSDNOK (1H) - short term bearish bias
After a 3-day-long consolidation, the US dollar has resumed its downtrend along the bearish trend line. The break below the short-lived support level of 8.9500 has added renewed pressure on the greenback. The pair is likely to continue its way down to the September lows at around 8.9200. This would be a major daily level to keep the price afloat and we would expect a combination of profit-taking along with fresh buying. A dip below however could trigger an extended sell-off.
Key support: 8.9200
Key resistance: 8.9700
USDNOK approaching support, potential for a bounce!
USDNOK is expected to drop to 1st support at 8.98800 where it could potentially react off and up to 1st resistance at 9.20120.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Another interesting USD short - sell #USDNOK- Ichimoku setup is neutra, with bearish bias ahead as forward Kumo already points down.
- Price is attacking 9,0895 key level
- EWO is turning to bearish
- Heikin-Ashi signals bearish pressure
Possible target is 8,89+, where we have weekly Kijun and
USDNOK - Is about to blow?USDNOK has been in consolidation for months now and will soon either rip up or down. Indicators are pointing down however winds can change if strong fundamental news comes out.
SL: 9.27601
TP: 8.95973
Please trade responsibly and good luck!
BUY CHNACEENTRY TO BUY = IF THE BLUE ZONE IS BROKEN UP
TP1&TP2 IS SHOWN IN FIG
SL = BELOW THE BLUE ZONE
Short opportunityPrice is moving nicely in sideway channel. Potentially we can expect some bounce up to local ressistance before another test of lower line of channel.
