Signals on chart. reduced position as SL was inline with previous rejection. Plus this is a USD pair so trade reduced size.
Hi Traders, The USDNOK reversed from a weekly support level and broke out of descending trendline and resistance level. . Price seems to be making an ABC zigzag corrective pattern which is likely to attract buyers at the 38.2 Fib ratio that lined up with swing level and moving averages. . We will wait for the completion of the corrective structure and then look...
Wait for retest of neckline Enter on reversal signal between 8.4376-8.4942 Stop above 8.53589 TP1 1:1 TP2 1:2 TP3 8.05430
Head and shoulders breakdown Wait for retest Short at 8.4374. Stop above 8.52951 TP1 1:1 TP2 1:2 TP3 8.05430
Stop loss, entry price and targets are mentioned on graph.
we have divergence in week time frame too plus day timeframe
Short position can be try with stop loss above the double top. Stop loss and targets mentioned in graph.
Price has rejected from the trendline resistance and gartley pattern . Pinbar formed on the daily time frame. Expecting price to retest the ascending trendline , forming a triangle. Able to short on the next retracement, stop loss above the daily pinbar . Profit target on the ascending trendline
Price has rejected from the trendline resistance and gartley pattern. Pinbar formed on the daily time frame. Expecting price to retest the ascending trendline , forming a triangle. Able to short on the next retracement, stop loss above the daily pinbar . Profit target on the ascending trendline
I see some divergence for histogram and signal line for USD/NOK. Profit Targets: 8.2530 8.2268 8.2070 Stoploss: 8.31150 Have a nice day, Berk
Long term expecting price to make it to 618 fib. prices have failed to push any higher which leads me to believe the dollar is weakening against NOK.
Chart says it all. Upon rejection short with stop just above the trend line.
The 14. of March it failed making new highs. Didn't get much support yesterday to stay at 10ema. Indications is leaning towards a short, but major moving averages is coming up, and one should be aware that it might mean it'll zig zag in the shorter term charts. Pretty lofty SL I have set for my self. Looking through the macro economics show that Norway isn't as...
It is one of the best looking shorts with perfect upper rejection market failing to move higher. I see lot of bearish people coming in and it seems like this is the max limit for any upside i am expecting way move down towards 8.266 levels decide your way. Trade with care Muze(usd/nok).
It seems NOK & MXN are the only (obvious) currencies worth owning against the USD here.