EURNOK is trend in range so we'll trade in that specific range to gain profit
📈 Technical Analysis: #EURNOK Sideways Trading Strategy! 📉 Hey traders! 🌟 Today, I present to you a fascinating opportunity in the EUR/NOK forex currency pair. The 1-hour chart suggests that the pair is currently moving sideways, lacking a clear bullish or bearish trend. But fear not, as we can capitalize on this situation by employing two smart trade plans with...
Short Euro vs Norwegian Krone based on a confluence of fundamental and technical factors.
You can clearly see it better in the daily chart. Price is fast approaching neckline which was a support and resistance line I had long put there before I noticed this pattern. It's not my style to risk a trade betting on the price going down to the neckline, but it seems pretty clean so... will give it a second thought. I will, however, short the pair if it...
Short Euro vs Norwegian Krone based on a confluence of fundamental and technical factors.
It has been in a TR for a while, so I want to look to short in the top of the range
Over 2600 pips from out the breakout range as mentioned last year! That’s more than 3x most can give u in a year yet alone 1 pair Gl No excuses
we had the acceleration that happened at the beginning of May and after that the price went back into the channel usually this is a sign that we will have at least a pullback remember that for every trade I start small and take action after, depending on the PA
EURNOK is forming bearish rectangle pattern. EURNOK may continue its beatish pattern
EUR/NOK is currently trading in a rising wedge. There is also bearish divergence and price is forming a head and shoulders pattern. Expecting the price to break the support and start trending bearish.
EURNOK is showing a notable amount of Bearish Divergences across many timesframe at the PCZ of this Potential Bearish Deep Gartley.
EURNOK Down. 61.8% Lower Low. Price peaked before it. Should go down.
Commentary EUR/NOK multi-week higher tops and higher bottoms on price indicate a dow pattern uptrend; provided price can hold above the 10.9 key support the potential for a continuation of the prevailing uptrend remains for a move towards 11.05 in the short term (5-13 days), otherwise if price fails to hold above the 10.9 key support then scope for a price...
Confluence Double Top Followed by Price squeeze at Top Ready to fire down Divergence confirms setup.
EURNOK hitting its local supply, might offer a short scalp.
waiting for the next breakout then by 70% the price will hit the second target
With EURNOK hitting historical levels, the current correction might lose some steam and get compressed before we see another breakout to the upside. Which might offers some nice setups on both sides of the coin.