On Daily time frame, Bullish Butterfly Reversal Pattern is appearing. Prior to Point C, a bearish divergence and Double top also appeared causing the Price to move in downward trend. If Price chart makes another LL below 10.68962, above which a support level also exists and price may bounce back a bit, then SHORT trade is in order. One can take the trade deep up...
The USDNOK pair has formed a cyclical top on the 1D time-frame and is currently pulling back towards the 1D MA50 (blue trend-line). This level has been supporting since March 14 2024. If broken, we expect a a 2nd dip to the 1D MA200 (orange trend-line) as well and as it pierces through the (green) Ichimoku Cloud, stage a dead-cat-bounce back at its top and the 1D...
23 May: Intraday Update: A possible false breakdown of the USDNOK and hold of the longer term 50% retracement at 10.59 may allow for a squeeze back to the 10.7500 level now.
Intraday Update: A bearish wedge break below the 10.79 level should put the 10.69 level in play which is also channel support.
the price approach resistance zone and failed to penetrate . I am with the bears
Daily uptrend, 4hr demand entry targeting near prior October highs, 5:1 RR.
On the monthly charts we have a confirmed bearish trend. Presently, on the monthly charts, we have a bullish correction that we can trade. On the weekly charts we have a shift in order flow confirming our bearish bias though its a long term view. We have an impulsive bearish move that has necessitated a bullish correction to clear previous disequilibrium. On the...
MTM has printed a 30m buy signal. Currently retesting confirmation candle. 1.5RR with trade shown based on previous demand/supply zones.
I expect more upside for the pair, look the dxy for more confirmation. Theres a long term potential to the upside and a valid entry and high RR.
Price is now oversold according to the indicators. Also seems to be a reversal with no BOS. We should see some upside
Trend continuation is expected after a pullback. Watch the news some volatility is expected for the dollar.
Daily uptrend, 4hr demand entry into daily supply, 6:1 RR.
Here is a more exotic pair than usual, technically and fundamentally looking good, as news come from usd we might see the volatility gives us the opportunity to take this trade on a good price.
USDNOK is in bullish trend in 2h time frame as it printing HH and HL..
this is not a perfect trade to enter now but im just publishing it for myself to see if im going to be right or wrong
Seems like price has found resistance yet again at the top of the bearish trendline. 4h KC and Stoch seems to confirm a downward push.
4hr uptrend into 4hr supply, 15 min entry, shorter term, 6:1 RR.
Price seems to have formed a DT, Previous target to the downside was not met, so I had reentered at the top of the channel. 4h is still bearish and has some downward momentum. If my target is not met before Powell speech i will liquidate my position.