Clearly, it is forming a bullish ascending triangle, now we have retraced to the resistance line which means it will target the flat top. this may be the last move inside the tringle before a breakout to our second target EUR / NOK BUY:9,634 TARGET 1 : 9,715 TARGET 2 : 9,924
EURNOK Buy Idea @Dialy Demand Zone (9.61862 - 9.58448) Buy Limit: 9.61862 Stop Loss: 9.58209 Take Profit: 9.66174
The movement of EUR/NOK has been bounded in several patterns. Following a two-week period of appreciation, the pair bounced off the upper boundary of the senior channel and the 38.20% Fibonacci retracement at 9.70 and formed a new wave downwards. This movement has been relatively flat, as the Euro has since remained trading near the senior channel. By mid-today,...
After bouncing off the senior channel on January 29, the common European currency began a new up-wave and formed an ascending channel along the way. The rate tested this junior pattern two weeks ago prior to edging lower down to the 6.68 area where it is trading today. A closer look at the pair’s previous movement demonstrates that the Euro has been successful...
The Euro began weakening against the Norwegian Krone after reaching the upper boundary of a long-term ascending channel located at the nine-year high of 9.9880. The pair reached a one-year up-trend marked with the dotted line late in January and subsequently began surging in a steep upward movement. The pair was testing the 23.60% Fibo retracement (low and high at...
EUR should be fairly strong in the coming weeks and we are currently at two support lines so I'm buying into the current retracement.
Following a southern breakout of a three-month ascending channel, the Euro started to weaken against the Norwegian Krone, thus resulting in a formation of an opposing channel. This pattern was likewise breached on Friday, thus leaving the rate in a symmetrical triangle—a pattern that has already reached its maturity. Currently, the pair is stranded between the...
EUR start to lose power and the cross want to go directly on the target delimited by the two supports in chart A long term market pressure of - 11.7 confirm the downtrend This analysis is based on market pressure. On my twitter profile twitter.com you can find everyday the market pressure value for all crosses. Have a nice trading !
Idea: Possible support and return long. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk. Update idea
The common European currency has been appreciating against the Norwegian Krone in an ascending since late September. This pattern has guided the pair up to the 9.9156 mark—its highest level during the past several years. Apart from this channel, the pair is likewise trading in a junior one valid since November 21. Its slope is relatively steep; however, as...
EURNOK sees the psycho level 10.00. R/R 1:2.5
EURNOK saw area 10.00 We entry short after double touch high. R/R 1:1
Two target prices (blue lines), first is on bullish trendline, on which we must see to add more short or wait for another retest of highs. If first support fails, we could see further weakness in EUR, before correction and retesting of now broken bullish trendline, on which I plan to add more shorts.
The common European currency is trading against the Norwegian Krone in a channel up valid since mid-July. The latest test of its upper line occurred on October 31. Along the way, the rate entered another patter—a descending triangle. The general characteristics of this pair suggest that the rate should break out to the upside. The rate hindering near the upper...
The common European currency is trading in two ascending channels against the Norwegian Krone. The senior pattern formed around mid-August and has since stranded the rate in a slight upward momentum. The junior one, on the other hand, has been valid for two weeks, having provided two confirmations on each side. Following a surge mid-Wednesday, the Euro is...
Will use fib levels to judge exit and also the 4hr trend line could be a place for buyers to get in