There is a positive wick on the resistance line the price bounced from it , if the price break the down trend , i think by 65% the price will go up , correct me if i am wrong
First things first: all hail the vikings! Why I like this trade: - NOK with the MUCH better fundamentals - NOK clearly undervalued on a longterm timeframe - Norges Bank quite dovish in their last meeting but could get hawkish again in march as -> inflation has massively surprised to the upside - inflation expectations on thursday will be key for NB - NB could...
First things first: all hail valhalla! Why I like this trade: - NOK with the MUCH better fundamentals - NOK clearly undervalued on a longterm timeframe - Norges Bank quite dovish in their last meeting but could get hawkish again in march as -> inflation has massively surprised to the upside - inflation expectations on thursday will be key for NB - NB could reduce...
EURNOK Down. Its peaking and showing 1234. Move might show up in USDNOK as well later on.
EURNOK entering a local demand zone, might get some action to the upside on this level and potentially scalp some profit of it.
EURNOK closing also in on a potential supply zone. If zone is entered by price, a potential short presents itself.
Head and Shoulder pattern + Bearish candle sticks. Market can reverse from here
The market is following Dow theory + AB=CD + Candle stick Pattern + Fib Retracement. Market is likely to go down
Hello, Friends! After some time of sending us mixed signals EUR/NOK is finally giving us a solid bearish bias And judging by the price action at the lower timeframes The pair is about to go down! SELL! ✅LIKE AND COMMENT MY IDEAS✅
The probability of a bearish move is high due to various confirmation points. First, the price has broken a major trendline, second the price has been retesting the trendline for quite sometime.
EURNOK has formed a nice double top close to the 38.2% fib. Unfortunately I missed the entry to go short, I will try to get into the trade once price retraces to the upside. The target of the short would be another touch of the bottom trendline. We also have a slight bearish convergence on MACD.
Parallel Channel formed on EURNOK Weekly Time Frame. Enter a long position.
Enter at Pivot Point, 50% Retracement. Enter any value between 38% and 50% Retracement.
FX:USDNOK Bias was long, Bought at just the right price, trade closed intentionally at 9.70650 (Closed the trade early Because I did not like my entry) , also my lot size was too big for a single trade, was on the process of adjusting my lot size to 0.05 - 0.1 lot per trade.
Entry Price 10.00570. Expect price to move +1180.0 units.