Chek out a mega-BAT pattern which have been developing for almost 15 years! It completed by December last year but there is still a piece of a downtrend which can be taken. Will short from 8.21 or by market SL: 8.42 TP: 7.44 Long based on an overextended Gartley: Entry point: 7.45 SL: 7.25 TP1: 8.02 TP2: 8.40 TP3: 10.00 (not based on these patterns)
first up in a triangle and then what? a Racket long?
USDNOK looks overextended with finally signal of deceleration with a reversed red hammer high test at the 0.5 Fib retracement at multiple key levels: 1) resistance at around 8.36 2) 50-60 EMA rejection 3) 200-250 EMA rejection 4) Downsloping trendline from July 27, 2016 5) 0.50 Fib Retracement We have also Stock RSI in overbought status on daily and a clear MACD...
Norway's core inflation surged to record highs in July, dampening Norges Bank’s rate cut speculation. The Krone has surged after inflation data release. EUR/NOK hit multi-week lows at 9.2094. The pair has broken major trendline support at 9.2570 on the daily charts, we see scope for further downside. 50-DMA at 9.3507 is major resistance on the upside, while...
SIMPLE ABCD PATTERN BOUNCING OF 38.2 LEVEL RIGHT NOW PRICE IS RETESTING THE TRENDLINE AND HOPEFULLY SHOULD ROLL OVER TO THE DOWNSIDE
SIMPLE ABCD PATTERN BOUNCED OF 38.2 LEVEL LOOKING FOR D EXTENSION @ 11.168 ALSO PRICE IS RETESTING TRENDLINE AND HOPEFULLY SHOULD BOUNCE BACK DOWN
Some fundamentals: + Norwegian inflation is at 3.3% (little or no room for monetary easing) +Price of Brent recovering + Massive current account surplus -Huge drop in GDP growth to 0,1% - Deteriorating consumer sentiment
Will be looking to enter a short position at 8.84658 if the cypher pattern holds up. Stop loss is based on previous structure as indicated by the red line. Take profit is based on Fibonacci levels. Unfortunately the risk/reward isn't the best I've ever seen, but I will still be looking to take this trade. Fundamentals Aren't any particularly...
Bonjour, Do you guys remember the trade in USD/NOK? If not, here is the link to remind you: We've since taken a similar trade ... mainly based on the fact that WTI Crude is seeing more downwards pressure after a small rally. Congrats to all of our members, and do you know if you should stay for profit target #2 or not? By joining our ever expanding trading...
Bonjour, today our "VIP" members took an aggressive trade in the USD/NOK pair. After noticing the downwards trend bottoming out, we opened two long positions on a breakout @ 8.7525. Scaled out of the first position at 8.7925 and closed out the second at 8.8270. Both positions were closed out early, it runs out. However, we stuck to your predetermined risk...
Currently a bearish signal on a weekly chart, however, for a shorter stop loss, limit entry on 1Dshould be used, or at least the area around for a less risk entry
I think, Nokia had bad time. But something tells me Nokia does not want to fall at all. They try to touch the market wt new step of them strategy. I remember how HPQ turned up and reached more than 100% even more people /me included/ though how HPQ ends. So if Nokia shows us a comeback, it should be interesting to buy. Also can helps successful Greek solution...
Bat Pattern on the EUR/NOK with D at 8.71323 Entry @ 8.71400 Targets @ 8.60078, just above Support/Resistance (look left @ ~8.580) and is a 38.2. Stops @ 8.78700, just above the X point Fully welcome any ideas to prove me wrong/other view points
Nokia is down nearly 10% in pre-market following it's disappointing margin announcement for it's core business, Nokia Networks. The stock has established a long term double bottom, is in a long term uptrend, and the 23.6% fib retracement level from its 2000 high to its 2012 low is at $16. Nokia need to hold the long term monthly uptrend for a continuation towards...
Kind of clear-as-mud scenerio between swing or breakout