Hi traders, in this setup I am looking for short oppotunities on EURNOK. Price broke the trend line and created a supply zone which I am looking at for price action to take shorts
EURNOK Entry 10.74471 Exit 10.74471
BE aware for change in trend. EUR/NOK have good support at these levels. unexpected and noticeable weakning of NOK should lead to short -term correction.
The euro to Norwegian krone exchange rate is having some difficulties climbing up in the trading sessions. But luckily for bears, the odds are looking better for the Norwegian krone. Looking at it, the strength of the Norwegian krone is mainly driven by crude prices and it’s also affected by the single currency and the performance of other currencies in the...
Not my usual choice, but if there's a good clean set-up I will go ahead and analyse it further. EUR/NOK - Will the bullish momentum continue? Technical Aspect: - Pattern wise - Looks like inverse head and shoulders. - As long as its above that trend-line up the bulls are still in control - This trade idea, could reach towards 161.8 areas As the market moves...
EURNOK has been moving inside a discending channel between the orange trendlines. Lately the market has move inside a minor channel and currently is consolidating below a daily structure. If the market will manage to break and close above the structure we can set a nice long order according with our strategy . ––––– Follow the Shrimp 🦐 Here is the Plancton0618...
Pattern: Triangle on 1D. Signal: (A) Bullish if the Resistance breaks, (B) Bearish if the Support breaks. Target: (A) 11.800 (0.5 Fibonacci retracement level), (B) 10.000 (the Lower Support). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Im expect some bearish momentum from this pair
At the opening of the market I'll be speculating price reaction as price makes its way into the triangle looking for Long Confirmations. Patience will play a big role in this pair as I expect price to take the majority of traders into an emotional rollercoaster, candle stick confirmation, Risk/Reward & Price Patterns will play a big role in this entry if reached.
EURNOK Short Direction: - Pair is in Bearish Order Flow and has Bearish Momentum on the H4 and Daily. - Pattern formed in the Bearish H4 OB (Order Block). Entry: - W (Double Top) Pattern Formation. - Divergence occurred. - RSI crossed volatility bands (Shark-fin), indicating a drop in the pair. - RSI near the 68 (exhaustion zone), indicating pair was...
Strong sell on pullback confirmation. ThankYoU
The euro to Norwegian krone exchange rate is heading downwards towards its support level. The pair is expected to once again reach its support by the end of the month as bearish investors take advantage of the euro’s weakness. The move should further push the 50-day moving average even lower and closer to the 200-day moving average. Bearish investors are hoping to...
The pair will continue to move lower in the following days towards its 02 January 2020 price level. Norway is bound to recover earlier and faster than other countries in the European region. This was due to its immediate response after the coronavirus outbreak became pandemic. Norway was among the first countries to shut their border and implement social...