this is not a perfect trade to enter now but im just publishing it for myself to see if im going to be right or wrong
Trend continuation is expected after a pullback. Watch the news some volatility is expected for the dollar.
Daily uptrend, 4hr demand entry into daily supply, 6:1 RR.
Here is a more exotic pair than usual, technically and fundamentally looking good, as news come from usd we might see the volatility gives us the opportunity to take this trade on a good price.
USDNOK is in bullish trend in 2h time frame as it printing HH and HL..
Seems like price has found resistance yet again at the top of the bearish trendline. 4h KC and Stoch seems to confirm a downward push.
4hr uptrend into 4hr supply, 15 min entry, shorter term, 6:1 RR.
Price seems to have formed a DT, Previous target to the downside was not met, so I had reentered at the top of the channel. 4h is still bearish and has some downward momentum. If my target is not met before Powell speech i will liquidate my position.
Price seems to have found support, although overall trend is bearish on the 4h, price seems to be respecting the bullish 1h trendline. price is also sufficiently under EMA's for good entry.
USDNOK after giving what has been a very nice performance off of that Bullish Butterfly has now confirmed a Partial-Rise within the Ascending Broadening Wedge it has traded within and now sits just below the 21 and 200-day SMA. We would now expect a heightened chance of the price breaking down and hitting the measured move target down at 9.4 NOK, which so happens...
It seems price has found some resistance after yesterday's CPI news. Might be forming a DT while touching the Keltner channel which in my opinion is confirmation. I have placed my target at the 50% fib as I doubt the downward momentum might not last long as we are still in an upward trend
It went higher as expected, and if one did buy near the suggested price, that would have been a good one, or it is a good one. Now we are once again at the highs, and likely it may spill over little more upwards, so we select a SELL level again. Strategy SELL @ 10.7575 - 10.8000 and place SL above 10.8350 and take profit @ 10.5575.
Seems price has hit resistance and touched Keltner line. Price is also at the bottom of the bullish channel. I believe we should see a push up
The SELL strategy has worked out so far, and we may see little lower before moving back up again. The stochastic is lower and looks as if it may turn in the coming sessions. Strategy BUY @ 10.4150-10.4350 and place SL below 10.3350. Profit order near 10.6875.
The pair is locked in within a larger triangle, and it is difficult to determine which way we will go. The stochastic is looking neutral to positive, but considering the NOKZAR strategy, there will be more selling pressure in this pair, is my viewpoint. Strategy SELL @ 10.6250-10.6550 and place SL above 10.7350. Profit order somewhere @ 10.4350.
The pattern resembles now an inverted false bear flag, and stochastic starts looking positive. I feel there are good reasons to see higher levels again in the coming sessions. Strategy BUY @ 10.48550-10.5350 and place SL below 10.3875 and take profit @ 10.7550.
The pair has as well reacted to the "false bull flag pattern" conditions. we corrected lower, and likely we see further move lower in coming sessions. However, we are near support trend line suggesting we should take back the SELL position. Strategy BUY @ 10.4350-10.4500 and place SL below 10.3875 and take profit @ 10.6550.
Unchanged view, and SL has been protected on this one. the stochastic is turning and we got the false bull flag pattern, suggesting we should correct south. Strategy SELL @ 10.6150-10.6850 and place SL @ 10.7350 and profit order at 10.4575 now.