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.
POTENTIAL BULLISH ENTRY Dow Theory In Place - higher highs and higher lows Expected in Place (Trend continues) Formation of the bullish flag (continuation pattern) ENTRY, SL & TP Levels are defined.
USDNOK is reaching demand area and we hope a good long position i prefer to save 30% of volume at target defined and let it go Entry:10.34797 SL:10.24479 Target: 11.03141 RR:1:6
USDNOK $USDNOK Long Scalp. TPs on chart. 50-200X leverage. Choose your own SL.
USDNOK has a trading opportunity to the upside. In line with the USD index being bullish, there's high potential for the pair to follow suit. It suggests the formation of a regular flat, and the C wave is about to start. The smaller regular flat outside the channel has reached equal legs (100% fib extension) and might turn upside any where within the box. I'll...
I expect to usd/nok prices go higher until mid of 2024, It looks like From 8.50 to 8.40 range best place to long usdnok right now 8.21 or 8.05 might be your SL place according to your position. Long Position entry Location 8.40-8.50 SL:8.21 or 8.05 TP1: 11 TP2: 12.75 TP3: 13.60 TP4: 14.90
It is possible to reach the target by combining strategies 1 and 2 myself
Exotic markets are risky, but I see good indication on this one. Not risking crazy amount, but I put in my trade at 8.59. Looking to take profit on the way up. I would honestly wait to trade until the 1 and 7 day moving averages cross, as it seems to be a strong indicator on this chart. At around 9.00 I expect a continuation of the down trend. I will still be...
GREETINGS This articles will be a follow up piece to the educational article I did on correlation trades in the forex market. Check out my article on CORRELATION-DIVERSIFYING-HEDGING-An-elementary-view Now in a previous article that I wrote I had strongly suggested that the AUDJPY had reached a key level of resistance on the daily and weekly chart and was...
WE ARE LOOKING FORWARD FOR THE BULLISH CONTINUATION ON USDNOK
Downtrend appears to have ended with price now consolidating sideways. Bottom of channel has been tested twice and price looks close to breakout. Long from pull back into 9.31 with stop at 9.15 and target of 9.6.
Take a look at the daily chart too. After the massive bear trend, since Sep we have been mostly bullish. As the H4 chart shows, a retracement to 38.2% was completed and I expect the bull trend to resume. The recent high at about 9.61 should be the 1st target, with a review of price action to determine the next possible steps. If you like my analysis, please...
OANDA:USDNOK This pair is likely to rise and break out from the rectangle pattern, as DXY is currently getting her momentum
A possible hidden bullish divergence is spotted on the 4H. Indicates underlying strength. Good entry or re-entry. Occurs during retracements in an uptrend. Nice to see during price retest of previous lows. “Buy the dips.” 200EMA supports price.
Everything is explained in the video. Enjoy
USDNOK Tradibg Plan BUY - Riks Reward 1:3