Below the last bars low at 1.05, it is suggested to short the pair. Target at 1.0362. Stop loss above the high of the last bar
NOKSEK running on the upper side of a daily channel and RSI show some divergences on H1 and H4. I'd short it at 1.03 with a SL at 1.01382 and TP at 1,015 A basic NOK index shows that it reaches a Weekly Fibo retr. but the risk factor is the fundamental data about NOK released some days ago. Basic NOK index
I started to follow NOK lately again, as first of all I think it is really undervalued in G10 (well, it has been undervalued and hated for 2 years now), and also because its volatility has become very low. Basically NOK has been trading in a very thin range. So if we see some short opportunity in EURNOK, why not to examine NOKSEK too? Weekly: - Ichimoku setup...
SEKNOK is offering an interesting setup in the weekly chart. I'm short, looking to benefit from the positive carry of this pair, and also the topping pattern on chart. I'd reccomend adding to it once we're 1 atr in the money after entry. Currently, we have a valid time at mode sell signal on chart, where the mode nicely matches the previous sharp rally's top....
The beaten NOK has quite some room to correct, even if it can't reverse strategic bullish for some more time. Weekly: - The big picture is bearish, but price retested Kijun during last few weeks. It turned down again 3 weeks ago, but failed to continue bearish and to deliver a lower low. - Heikin-Ashi turned bullish again, with anouther attempt to cross back...
The pair is currently at the bottom line in a descending corridor. Higher lows established. Buy area at the lows of 0.95. Stop below 0.9450. Important fundamental factors to track is the oil price, as well as Riksbankene (Swedish Central Banks) actions. Anticipation of actions from them to further weaken the SEK,
a consolidation wedge is in formation here and should provide plenty of safe opportunities into the end of the year before we break upwards or downwards.
#NOKSEK #FXExotics #FXMademoiselle Sell 0.9939 TP 0.9855 #Forexsignal
Condition 1 //if it rejects on lower trendline with candle closing aove lower trendline then i am long with take profits@ upper trendline Condition 2 //If it breaks lower trednline and candle close below lower trendline then i am short with take profits @ atleast 2500 pips //Stoploss for long Below lower trendline candle close //Stoploss for short above lower...
Daily: - Bearish Ichimoku setup - Heikin Ashi is neutral, shows consolidation as Price moves sideaway. haDelta/SMA3 has some minor possible bullish bias - Bearish support is at 1,0335 4H: - Price attempts a bullish Kumo breakout and a break above 100 WMA. Shoul close above 1,0230 for continuation. - Heikin Ashi gives a bullish signal If the 4H break proves to...
NokSek trading in 1.04-1.12 range for last 3 months. 1.04 held and with SWEDEN'S RIKSBANK cutting rates and coming comments about buying SK45 BLN bonds looks like this pair will go and backtest 1.12 again. Close about 1.06 is long in my book
2 weeks abcde triangle brake_out, (bullish pennant), clearing the minor double top, 200 sma daily(closed above on Friday), projects to AB=CD, at downtrend_line, fib projection.