NORSEK is slowing down. I don’t think it will go all the way down to trend line but somewhere between 50 and 200 EMA.
Divergence is forming on daily chart. Looks like MACD bearish cross over is about to happen.
NOKSEK
Trend: Up
Level: Horizontal Support Level, EMA 10 Support Level, EMA 20 Support Level, Fibonacci Retracement Support Level
Signal: Rejection Candlestick
NOK SEK | Norwegian Krone Swedish Krona - I plan to launch a burn attack next week. Technically everything is clear and it seems to me that it is possible to defeat the ruthless enemy.
I opened short position, TP1 - 1.0200, TP2 - 1.0100, based on indicators.
It’s the first time I’ve invested in this pair but it seems like nice small profit.
I’m not professional trader so please do your own risk assesment.
NOKSEK we have another nice M formation on the daily timeframe, we also have this bullish trendline so again we are expecting the pattern to complete at the neckline, we are waiting to see new bullish structure on lower timeframes and a change of environment then if our rules are satisfied we can be taking a nice long.
This pair on a very important Monthly, Weekly and Daily support. Also last daily candle has just retested the support and ready to take off. Good time to enter a long trade.
