This post is only for portfolio purposses. Trade along if you like. Trading comes with risks.
The market keeps on failing to break through the resistance above the market. You will understand what I'm saying more once I start posting recorded videos cause I can't explain things here the way I'm trying to.
This post is only for portfolio reasons only. Trade along if you like. Risks are involved trading. Only put on the line what you can afford to loose.
Hello Traders! On The Daily Time Frame The USDNOK Price Reached A Supply Zone (10.72880-10.78004). Currently, The Price Failed To Create a New Higher High 📉 Moreover, The Support Line is Broken ! So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 10.39030🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
I feel we may see lower levels in the near term. If we can respect 10.7200 and 10.9200, likely we will see a test of 10.2300. The GANN resistances are the ones we should observe, and further, when protected by them, we should see south of the border. Strategy SELL # 10.68--10.7200 and again higher @ 10.9075. Stop-loss above 10.95 and profit at 10.2750 for now
There is strength in the pair, and USDZAR has come back as well in strength. However, we are near GANN resistance 10.7400 and 10.9200. The stochastic is high 90.0 so I suspect we must carefully continue to SELL the pair. It is difficult to change view point in this case, since we did not correct the pair as yet, as the conditions have not changed technically, is...
No change in view. We are protected well at GANN resistance above 10.7500, which is slowly declining. The stochastic is negative, and RSI is POS. The pattern suggest we should see lower, and considering the NOKZAR cross, this paiur should hit south as well, same as USDZAR did in the near term. Strategy SELL @ 10.58-10.65 and place stop-loss now above 10.75....
No change in view. we are in a wide playing field 10.2300-10.7600 within the GANN angle The stochastic is negative and RSI is positive but at the higher end, but not extreme. Basing on the large move seen in the past, we should seek SELL side is my personal view. Strategy SELL @ 10.5900-10.6500 and place stop-loss above 10.7675 for now. Profit order @ 10.2950.
The pair also had a strong run last weeks after break of GANN resistance @ 10.3200 area. Now we are in overbought territory and likely a pullback is possible. The RSI is overbought, and stochastic is showing signs of turnaround. Strategy SELL @ 10.6500-10.7200 and place stop-loss above 10.7800 for now. Profit order @ 10.3500.
Hey traders! Today, we're diving into the fascinating world of minor trends – those subtle shifts in the market that can hold hidden opportunities. Minor trends are like whispers in the trading landscape, often overshadowed by major trends but with their own significance. They occur within shorter timeframes, making them perfect for agile traders seeking quick...
The pair is still locked in within the wide range 10.0800 - 10.3800 rounded. The pattern is a continuation pattern (quite likely), and this means we should look SELL in to rallies. The stochastic is negative as a note. Strategy SELL @ 10.25-10.35 range and take profit @ 9.8350 with a stop-loss @ 10.4100. note: am away for 10 days roughly and may not always update.
We are in a range for now between 10.3850 and 10.0300 area. The shape of the channel suggest it will become a continuation pattern, and for that reason I prefer SELL into rallies. The range will remain wide, so we require deep pockets for this one. The stochastic and RSI are turning, but not confirmed SELL as yet. Pressure exists though, and for that reason I...
the pair starts to topple tiny bit, and looking at the channel, we are at the high, and we shouod be able to see 10.12-10.15 again. Strategy is SELL current 10.2650-10.2800 and take profit @ 10.1550 for now. Stop-loss above 10.3350.
The pair shows weaker motivation on the corrective move, and this is due to the NOKZAR causing more SELLERS on USDNOK. This may be lesser now, and should give room for a rise. I would be careful in terms of entry level, but overall objective is 10.4600. The weekly chart is positive for USDNOK. Strategy BUY @ 10.15-10.2300 and take profit @ 10.3700 for now....
t feels the pair has been behaving like a fixed exchange rate. we have range for many, many sessions, and this may discourage anyone for committing to a trend. The cloud is supportive with support 10.0400 (base cloud) and 10.1390 above cloud. The base- and conversion line are identical, and for the rest stochastic is NEGATIVE. The daily chart shows we are...
Same issue as with the USDZAR pair. We have a wide range to trade within, but now we are positive stochastic and RSI and makes the case stronger for move to 10.3700. Strategy BUY @ 10.05-10.15 and place stop-loss belo0w 9.9150. The profit order @ 10.3575 for now. Keep in mind we have strong resistance 10.2150 and need to be overcome. Overall, we will see north,...
USDNOK is sitting at the Demand Line of an Overall Bearish Ascending Broadening Wedge Pattern that happens to align with the 1.272-1.618 PCZ of a Bullish Butterfly; along with that, we have PPO Confirmation, RSI BAMM, and a MACD Bullish Crossing. Given the scenario, I can see this trying to retrace up 50-88.6% of the Harmonic Range before coming back down and...
The pair has been trading within a well defined band, and has been under pressure or support from NOKZAR pair, which has been hammered down. The stochastic is POS and so is the RSI. Strategy BUY between 9.9700 - 10.0450 and stop-loss below 9.9150. The profit order I suggest 10.3800. Mind the resistance @ 10.2100, and perhaps we trade it when approaching.