Main items we can see on the chart: a) The major structure we can see is a Daily Ascending channel b) Currently, the price is on the lower trendline of the channel + major support resistance zone / That provides us with a strong level c) Now we have to pay attention either for a reversal movement or a continuation one d) We have established those 2...
Maybe another downmove left but for the next 2 years I see an massive devaluation auf Norwegian Krone.
Wait for the daily candle to close above price level 9.07043. Enter on a retest at price level 9.07043.
Exotic Pairs Rise in USD Weakness!!!! Buy USDZAR , USDNOK , USDMXN I am expecting another wave for new highs..!!!! USually exotic pairs rise on end of month and start of month.. so dont miss!!!
Exotic Pairs Rise in USD Weakness!!!! Buy USDZAR, USDNOK, USDMXN From last couple of years.. whenever there is weakness is in USD.. the Exotic pairs always gone for more rise and new highs!!! So right now USD weakness is all over place.. but exotic pairs starting showing potential to go upside.. USDZAR has made double bottom on 4hr and Daily.. Only thing is...
Time to go long USDNOK. Playing fib levels up. Bullish divergence on RSI. And hitting long term resistance on the higher timeframes.
The recent rebound on strong support was promising for a reversal trend, but it is very tough. I still see a stronger Short position in a few days ahead. OANDA:USDNOK If you want my view about other currencies/stocks/ commodities, I will love to share my opinion with you. Just simply comment below. I always open to discussion. Disclaimer: This information...
ON A SELL TREND..WE LOOKING FOR POSSIBLE SELLING POINTS
Pattern: Triangle on 1D. Signal: Bullish as the RSI is forming a bullish pattern which since the Channel Up started in March 2018, it was a sign of a new High. Target: 9.800 (Higher High excluding the COVID candles). Most recent signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
OANDA:USDNOK This pair is likely to rise and break out from the rectangle pattern, as DXY is currently getting her momentum
Strong momentum down and a pause expect to go down if market brakes to the downside.
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After the long downtrend the market retrace till the 0.382 fib level and now it create a lower high lower low. IF the price will manage to break the structure we can set a nice sell order with the target at the yellow trend line which support the upper trend line on the 1d chart. ––––– Here is the Plancton0618 technical analysis , please comment below if you...