Norsefx

Norsefx Updated 

USD/NOK Price have traded outside of the current channel and fell back inside printing a potential blow off top. Have re-entered 1/3 size on this setup too. I dont like opening a fresh trade friday afternoon and holding over the weekend.

Norsefx Updated 

Price have penetrated the previous high and closed below on the daily timeframe. Entered@1.3806 SL:1.3863 ( above previous highs ) Target: 1.3504 ( previous lows ) Risk 1% RvR: just above 4:1

Norsefx Updated 

Idea based on previous thesis. Entered 1/3rd of my position. Will enter the remaining 2/3rds of the position IF i am right about the trade. Hiding my SL above 11.04

Norsefx Updated 

USDNOK: Price has been in a uptrend, i am going for a double top/SR play on this one. 1H Closed below SR so 1/3rd of the position is now short. IF price breaks down from this area i will use fibs from recent high to the new lows and go for a fill at 61.8% fib to add the other part of the position.

Norsefx Updated 

Turtle soup pattern. Just stopped out of first attempt. Ready for another SL on this attempt. Will fire again, with failure on upper trendline. Any break above upper trendline. should be a parabolic trust up, so plan is to go long if that scenario occurs. Risk: 1% SL above daily candle with some wiggle room. TP target: 8.6

Norsefx Updated 

Usd/Jpy 1H chart. Price have recently printed fresh highs, with this ONE even breaking the high formed back in 2002. Price have pushed trough the recentLY formed high and failED to move higher. The pair itself has moved 19% in a almost a straight line in the recent months, thats alot even for this currency pair, this pair usually top out at 16%, so the thesis...

Norsefx Updated 

Price hacve hit a trendline and showing signs of exhaustion. 10.00 is also a major area for USDNOK, only been above this level once according to my memory ( covid crasy ) I expect price to come down and test the lower parallell trendline projection and with that confirming a channel. Rate decision on thrusday 23 of june, and price likes to move before the...

Norsefx Updated 

Daily triple bottom. *Pending confirmation* Tradeplan: "IF/THEN" If price closes @ 0.6238 Then i enter on a pullback to the EMA 50 1H. 1H Already over EMA 50 So a daily close in this area will trigger a 1H EMA entry long. I use a algorithm to execute the trade for me. Now i just wait.

Norsefx Updated 

SPXUSD Has been printing lower lows and lower highs since it failed at previous resistance late march. Price is trading below EMA 50 on the 4H and the Daily timeframe, and has formed a lower channel trendline and the projected upper channel trendline and the EMA50 4H acts as confluence in this setup. 4140 area will act as a potential target if trade is triggered...

Norsefx Updated 

Price have broken out of the previous attempt of a measured move trade. Next trade setup i am aiming for is another measured move, this time to the downside. Trade entry will be @ 0.6848 - This is a duplicate of last leg up in the KIWI. Target is a duplicate of last leg down in this pair, bringing the target down at previous Daily support level. Stoploss is...

Norsefx

NzdUsd measured move setup. Kiwi tends to repeat itself, lately moves up have been UP: 290 pips - Down: 195 pips. A summary of the thesis behind this idea is that i expect price to repeat itself again, if price dont play out i will have 1% less in my account going forward. Boxes in the charrt represent up and down moves. Order out @0,6840 SL: 0,6790 TP:0,7110

Norsefx Updated 

ACB Weekly chart. Price have probed below 2020 lows. No sellers present below that level. Good risk vs reward setup. Some volume coming in as shorts covered. I got a order out for 4,05$

Norsefx Updated 

The pair has showed rejection at a daily resistance point from the high created in late January of 2018. Daily chart has tried to break above and has failed, showing signs of a pending correction to the downside. Showing 2 potential trade outcomes on where i look to take profit, if the idea follows trough to the downside.

Norsefx

The pair has traded sideways in a range between 3.9 and 3.4 since January 2017. Price printed a channel blow-off top in January 2017 with intervention from the government amongs other things. Price have now traded above the january highs and rejected 8 daily sessions in a row. The TCMB (The Central Bank of the Republic of Turkey) defended their currency at these...

Norsefx

UsdJpy has been declining for some time. Price has now tagged an area of key support at 108.13, i am expecting a bounce from this level (108.14) But price could go for a extended move down and touch the potential trendline just below the 108 big figure. We also got some harmonic/measured movement, since the last down and up legs have been the same in pip amount...

Norsefx Updated 

CadCHf has had a extended rally over the last few weeks. Price has taken out stops above 0.7620. Looking for price to move down to 0.7410 for my target 1. Target 2 is still open. Tradeplan: Take 75% of my position off at target 1.

Norsefx

Price was rejected at the weekly resistance at 0.7550 area. Price has now formed a swing high, looking for a retracement into 0.7492 area before going short, aiming for the 0.7240 area. 1:3 Risk vs reward setup.

Norsefx Updated 

The pair is continuing to stairstep its way up. The moves up and down are now equal in lenght both up and down. Looking to get long at 0.6852 with a 50pip stoploss. Going for a full lenght move once more, with target at 0.7150 Very nice risk to reward ratio (1 : 5.8 RvR)