Transient and recurrent zones 96,6%
This is high probability trade based on transient and recurrence theory.
Signal is for a short position with a 96,6% success rate.
Price will revisit TP .
TP 10,585
USDNOK trade ideas
USDNOK-BUY strategy 4-HourlyThe pair is positive short-term, and same as my build model, we are on BUYING side currently.
The stochastic is positive supported by GREEN AO which is above zero line even. This suggest we should see higher prices in the short-term.
Strategy BUY @ 10.7750-10.8200 and take profit near 10.9350 for now. SL let's say below 10.6850 for now.
USDNOK-SELL strategy 4 hourlyThe pair looks a little confusing, but I feel overall we may see south due to the fact we got a rising triangle pattern. Further, negative across the board. We need to overcome the support levels to break.
Strategy SELL @ 10.7300-10.7850 and place a stop-loss above 10.9250 and take profit @ 10.3850 for now.
USDNOK, Major Head-Shoulder-Formation, Here Is How It Completes!Hello,
Welcome to this analysis about USDNOK and the 4-hour timeframe perspectives. In my recent analysis, I discovered some interesting signs forming in USDNOK which are important for the upcoming determinations. As when looking at my chart now we can watch there how USDNOK is about to complete this major head-and-shoulder-formation with the left shoulder and the head already completed and now USDNOK is about to continue with the right shoulder in the structure which will finalize likely as there is a main local resistance-zone marked in my chart in red from where USDNOK is likely to pullback and continue to complete the right shoulder in the schedule. Once USDNOK is below the 65-EMA in green and the 35-EMA in red the whole formation is likely to complete as the EMAs already formed a bearish crossover. Once USDNOK finally breaks out below the neckline as it is marked in my chart USDNOK will have finalized the whole formation and it will be the appropriate setup for the continuations to the downside as well as activation of the head-and-shoulder-target-zone marked in my chart in blue within the 8.62 Usd level. Once the target-zone has been reached the situation needs to be elevated anew and if USDNOK manages to firstly stabilize in the structure or sets up a further continuation to the downside, it will be an interesting and important development ahead.
In this manner, thank you for watching my update-analysis about USDNOK and the main head-and-shoulder-formation likely to complete and activate targets in the upcoming times, support the analysis with a like and follow or comment for more market insight!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
USDNOK-SELL strategy daily chartThe pair is starting to come under pressure with ample resistances @ 10.8350 area. The stochastic and RSI are NEG and this adds to the expected demise.
Strategy SELL @ 10.6500 - 10.6850 and place stop-loss above 10.8575 for now. Profit order @ 10.3450.
SELL USDNOK update (failed)This post is only for portfolio purposses. Trade along if you like. Trading comes with risks.
PONTENTIAL SELLS ON USDNOK The market keeps on failing to break through the resistance above the market. You will understand what I'm saying more once I start posting recorded videos cause I can't explain things here the way I'm trying to.
SELL USDNOKThis post is only for portfolio reasons only. Trade along if you like. Risks are involved trading. Only put on the line what you can afford to loose.
USDNOK - BEARISH MOVE 📉Hello Traders!
On The Daily Time Frame The USDNOK Price Reached A Supply Zone (10.72880-10.78004).
Currently, The Price Failed To Create a New Higher High 📉
Moreover, The Support Line is Broken !
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 10.39030🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
USDNOK-SELL stragegy Daily chartI feel we may see lower levels in the near term. If we can respect 10.7200 and 10.9200, likely we will see a test of 10.2300.
The GANN resistances are the ones we should observe, and further, when protected by them, we should see south of the border.
Strategy SELL # 10.68--10.7200 and again higher @ 10.9075. Stop-loss above 10.95 and profit at 10.2750 for now
USDNOK-SELL strategy Daily chartThere is strength in the pair, and USDZAR has come back as well in strength. However, we are near GANN resistance 10.7400 and 10.9200. The stochastic is high 90.0 so I suspect we must carefully continue to SELL the pair. It is difficult to change view point in this case, since we did not correct the pair as yet, as the conditions have not changed technically, is my viewpoint.
Strategy SELL or ADD @ 10.7850-10.8250 and place stop-loss above 10.9750. Profit order @ 10.3250 for now.
USDNOK-SELL strategy daily chartNo change in view. We are protected well at GANN resistance above 10.7500, which is slowly declining. The stochastic is negative, and RSI is POS.
The pattern suggest we should see lower, and considering the NOKZAR cross, this paiur should hit south as well, same as USDZAR did in the near term.
Strategy SELL @ 10.58-10.65 and place stop-loss now above 10.75. Take profit @ 10.3750.
USDNOK-SELL strategy daily chartNo change in view. we are in a wide playing field 10.2300-10.7600 within the GANN angle
The stochastic is negative and RSI is positive but at the higher end, but not extreme. Basing on the large move seen in the past, we should seek SELL side is my personal view.
Strategy SELL @ 10.5900-10.6500 and place stop-loss above 10.7675 for now. Profit order @ 10.2950.
USDNOK-SELL strategy weeklyThe pair also had a strong run last weeks after break of GANN resistance @ 10.3200 area.
Now we are in overbought territory and likely a pullback is possible. The RSI is overbought, and stochastic is showing signs of turnaround.
Strategy SELL @ 10.6500-10.7200 and place stop-loss above 10.7800 for now. Profit order @ 10.3500.
Exploring Minor Trends in Trading
Hey traders! Today, we're diving into the fascinating world of minor trends – those subtle shifts in the market that can hold hidden opportunities.
Minor trends are like whispers in the trading landscape, often overshadowed by major trends but with their own significance. They occur within shorter timeframes, making them perfect for agile traders seeking quick moves.
Timing is Everything: Minor trends typically span from a few days to a couple of weeks. They're like brief guest appearances on the trading stage, offering chances to capitalize on short-term fluctuations.
Spotting the Signals: Keep a keen eye on price action, volume, and technical indicators to catch the subtle hints of a minor trend forming. These clues can help you stay ahead of the curve and make informed decisions.
Ride the Ripples: Minor trends can present both bullish and bearish opportunities. Whether it's a minor uptrend offering potential long trades or a minor downtrend for short plays, adaptability is key.
Seize the Moment: While major trends may get the spotlight, minor trends offer quicker rewards. By understanding when and how they occur, you can add a dynamic layer to your trading strategy.
So, traders, embrace the power of minor trends! Sharpen your skills to harness these fleeting yet impactful movements in the market. Remember, success lies in staying nimble and seizing opportunities, no matter how small.
Happy trading!#TradingInsights #MinorTrends #TradingStrategies #StayNimble
USDNOK-SELL strategy Daily The pair is still locked in within the wide range 10.0800 - 10.3800 rounded. The pattern is a continuation pattern (quite likely), and this means we should look SELL in to rallies.
The stochastic is negative as a note.
Strategy SELL @ 10.25-10.35 range and take profit @ 9.8350 with a stop-loss @ 10.4100.
note: am away for 10 days roughly and may not always update.
USDNOK-SELL stragegy Daily chartWe are in a range for now between 10.3850 and 10.0300 area. The shape of the channel suggest it will become a continuation pattern, and for that reason I prefer SELL into rallies. The range will remain wide, so we require deep pockets for this one.
The stochastic and RSI are turning, but not confirmed SELL as yet. Pressure exists though, and for that reason I feel we remain or should be short.
Strategy SELL @ 10.2300-10.3150 (or sooner depends to your risk appetite). Take profit @ 9.8350. we need break of 10.0300 of course, but am estimating the GANN angle and it feels we go south more than before. Stop-loss above 10.3950 only.
USDNOK-SELL strategy 4 hourlythe pair starts to topple tiny bit, and looking at the channel, we are at the high, and we shouod be able to see 10.12-10.15 again.
Strategy is SELL current 10.2650-10.2800 and take profit @ 10.1550 for now. Stop-loss above 10.3350.
USDNOK-BUY strategy Daily The pair shows weaker motivation on the corrective move, and this is due to the NOKZAR causing more SELLERS on USDNOK. This may be lesser now, and should give room for a rise.
I would be careful in terms of entry level, but overall objective is 10.4600. The weekly chart is positive for USDNOK.
Strategy BUY @ 10.15-10.2300 and take profit @ 10.3700 for now. Stop-loss below 10.0250.
USDNOK-BUY strategy 4-hourlyt feels the pair has been behaving like a fixed exchange rate. we have range for many, many sessions, and this may discourage anyone for committing to a trend.
The cloud is supportive with support 10.0400 (base cloud) and 10.1390 above cloud.
The base- and conversion line are identical, and for the rest stochastic is NEGATIVE.
The daily chart shows we are positive for higher levels to be seen.
Strategy can be twofold:
1. BUY @ 10.1500 and place stop-loss @ 10.0250, and taker profit @ 10.3750
2. SELL @ 10.1900-10.2100 and place stop-loss @ 10.2350 and take profit @ 10.0575.
USDNOK-BUY strategy Daily chartSame issue as with the USDZAR pair. We have a wide range to trade within, but now we are positive stochastic and RSI and makes the case stronger for move to 10.3700.
Strategy BUY @ 10.05-10.15 and place stop-loss belo0w 9.9150. The profit order @ 10.3575 for now. Keep in mind we have strong resistance 10.2150 and need to be overcome. Overall, we will see north, is my personal view.
USDNOK: Confirmed Bullish Butterfly at Structural Demand LineUSDNOK is sitting at the Demand Line of an Overall Bearish Ascending Broadening Wedge Pattern that happens to align with the 1.272-1.618 PCZ of a Bullish Butterfly; along with that, we have PPO Confirmation, RSI BAMM, and a MACD Bullish Crossing. Given the scenario, I can see this trying to retrace up 50-88.6% of the Harmonic Range before coming back down and confirming a partial rise, after which we will then possibly have to look for opposing Bearish signals.
USDNOK-BUY strategy Daily chartThe pair has been trading within a well defined band, and has been under pressure or support from NOKZAR pair, which has been hammered down.
The stochastic is POS and so is the RSI.
Strategy BUY between 9.9700 - 10.0450 and stop-loss below 9.9150. The profit order I suggest 10.3800. Mind the resistance @ 10.2100, and perhaps we trade it when approaching.
